TechFlow news, October 28 — According to an official announcement, Hong Kong Exchanges and Clearing Limited (HKEX) will launch a virtual asset index series on November 15, providing benchmark pricing for Bitcoin and Ethereum during the Asia time zone. Jointly administered by a UK-registered benchmark administrator and virtual asset data provider CCData, this index series will be the first virtual asset index series in Hong Kong compliant with the European Union’s Benchmarks Regulation (BMR).
Nicole Wong, Group Chief Executive of HKEX, said the initiative aims to meet regional demand for virtual assets by offering transparent and reliable real-time benchmarks to help investors make informed decisions. The index series includes reference indices and reference exchange rates for Bitcoin and Ethereum, calculated using 24-hour volume-weighted trading data, priced in USD, with settlement prices published daily at 4:00 PM Hong Kong time.
