According to TechFlow, on November 15, Hong Kong media reported that the Hong Kong Stock Exchange officially launched a series of virtual asset indices today, providing real-time price benchmarks for Bitcoin and Ethereum in the Asian time zone. The index series is based on the spot price weighted by 24-hour trading volume and will be settled at 4 pm Hong Kong time every day.
This is Hong Kong's first virtual asset index series that complies with the EU Benchmark Regulation (BMR), and is jointly managed and calculated by a UK-registered benchmark administration agency and CCData. This move is an important measure for Hong Kong to build Asia's leading digital asset center following the release of the (Virtual Asset Development Policy Declaration) in October 2022.
Ye Zhiheng, executive director of the Intermediaries Department of the Hong Kong Securities and Futures Commission, said that the company plans to issue virtual asset trading platform licenses before the end of the year and launch a virtual asset trading platform advisory group early next year to continue promoting tokenization and the development of the Ensemble project.
