TechFlow reports on November 15 that according to Hong Kong media, the Hong Kong Exchange has officially launched its virtual asset index series today, providing real-time price benchmarks for Bitcoin and Ethereum within the Asia time zone. The index series is based on 24-hour trading volume-weighted spot prices and will be settled daily at 4:00 PM Hong Kong time.
This is Hong Kong's first virtual asset index series compliant with the European Union’s Benchmarks Regulation (BMR), calculated and managed jointly by a UK-registered benchmark administrator and CCData. This move marks a significant step in Hong Kong’s efforts to become a leading digital asset hub in Asia, following the release of the "Policy Statement on Development of Virtual Assets" in October 2022.
Paul Yip, Executive Director of Intermediaries Division at the Securities and Futures Commission (SFC) of Hong Kong, stated that the SFC plans to issue virtual asset exchange platform licenses before the end of this year and will establish a virtual asset exchange platform consultation group early next year to further advance tokenization and the Ensemble project.
