Hong Kong to launch Asia’s first EU-regulated crypto index in November

The Hong Kong Stock Exchange (HKEX) will introduce a pioneering cryptocurrency index on November 15, becoming the first in Asia to comply with European Union standards. 

This move reinforces Hong Kong's position as a leading financial hub by integrating digital assets into traditional markets.

The newly announced HKEX Virtual Asset Index Series will cover major cryptocurrencies like Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH). 

According to HKEX Group Chief Executive Peter Chan, the series aims to provide investors with transparent and reliable benchmarks for these emerging assets. 

“We aim to help investors make informed decisions, supporting the growth of the virtual asset ecosystem and strengthening Hong Kong’s position as an international financial center,” Chan stated.

The index will operate using a 24-hour volume-weighted benchmark spot price for Bitcoin and Ethereum, drawing data from key global exchanges. 

It will present real-time USD-denominated prices, with daily updates scheduled at 4:00 p.m. Hong Kong time.

HKEX highlighted that the new index would align Asia’s trading benchmarks with global standards, providing a cohesive and accurate measure of digital asset valuations. 

Chan added that the index series showcases Hong Kong’s commitment to innovation in the financial sector by bridging traditional and digital finance. 

The launch is expected to enhance trading capabilities and cater to the evolving demands of cryptocurrency investors.