The Hong Kong Stock Exchange (HKEX) will launch the Hong Kong Exchange Virtual Asset Index Series on November 15, 2024. This initiative is designed to establish a reliable benchmark price for the burgeoning asset class of virtual assets, thereby enhancing Hong Kong's position as a premier digital asset hub in Asia.
The index series will deliver transparent and dependable benchmark pricing for Bitcoin and Ethereum within the Asian time zone, specifically UTC+8. It aims to provide a unified reference price, addressing discrepancies in pricing for these assets encountered across various global exchanges. Nicolas Aguzin, the CEO of Hong Kong Exchanges and Clearing Limited, expressed his enthusiasm regarding the launch, stating, 'We are pleased to introduce the Hong Kong Exchange Virtual Asset Index Series to meet regional demand for this rapidly emerging asset class.
By providing transparent and reliable real-time benchmarks, we hope to assist investors in making informed investment decisions, thereby supporting the healthy development of the virtual asset ecosystem and reinforcing Hong Kong's status as an international financial center.'.