ChainCatcher news, according to Hong Kong media reports, the Hong Kong Stock Exchange will launch a series of virtual asset indices today. This index series will provide a transparent and reliable real-time price benchmark for Bitcoin (BTC) and Ethereum (ETH) pricing in the Asian time zone, offering a unified reference price for virtual assets and addressing the price discrepancies among global exchanges.Specifically, the reference index is based on the benchmark spot price weighted by the 24-hour trading volume of Bitcoin or Ethereum, calculated from the aggregated market prices of several major virtual asset exchanges, and quoted in USD in real-time. The reference rate is designed for the settlement of financial products and is calculated daily at 4 PM Hong Kong time. The launch of this index series is also a move to establish Hong Kong as a leading digital asset hub in Asia.The Executive Director of the Intermediaries Division of the Hong Kong Securities and Futures Commission, Yip Chi-hang, previously pointed out that a license for virtual asset trading platforms will be issued by the end of this year, a consultation group for virtual asset trading platforms will be initiated in early next year, and continued support for tokenization and the Ensemble project will be provided.

ChainCatcher news, the Hong Kong Stock Exchange announced today that it will launch the Hong Kong Stock Exchange Virtual Asset Index Series (the Index Series) on November 15, 2024, providing a reliable benchmark price for the rapidly emerging asset class of virtual assets, supporting Hong Kong's development as Asia's leading digital asset hub.The Index Series will provide transparent and reliable benchmarks for the pricing of Bitcoin and Ethereum in the Asian time zone, aiming to offer a unified reference price for virtual assets and address the price discrepancies of these assets across global exchanges.HKEX Group CEO Charles Li stated, "We are pleased to launch the Hong Kong Stock Exchange Virtual Asset Index Series to meet the demand for this rapidly emerging asset class in the region. By providing a transparent and reliable real-time benchmark, we hope to help investors make informed investment decisions, thereby supporting the healthy development of the virtual asset ecosystem and reinforcing Hong Kong's status as an international financial center." (Jin Shi)

ChainCatcher news, the Hong Kong virtual asset rating agency HKVAC has announced the calculation method for the virtual asset index, including the calculation logic, framework, algorithms, etc. The first batch of 30 cryptocurrencies that make up the index includes WBTC, BTCB, stETH, BCH, LTC, BNB, MATIC, ADA, ATOM, FIL, NEAR, ALGO, ICP, XRP, DOGE, DOT, WTRX, SHIB, TRX, LINK, LEO, XMR, XLM, OKB, LDO, HBAR, VET, QNT, FTM, EOS. HKVAC reviews the cryptocurrencies at the end of each quarter, with announcements made two weeks after the end of the quarter and implementation three weeks after the end of the quarter. (source link)