Hong Kong Launches Asia's First EU-Regulated Crypto Index

The Hong Kong Stock Exchange (HKEX) is set to make history by launching Asia’s first EU-regulated crypto index on November 15. This groundbreaking move will create new investment opportunities in Hong Kong, allowing cryptocurrency to integrate into the traditional stock market. Financial experts see this as a bold step forward, further solidifying Hong Kong’s reputation as a progressive financial center.

HKEX's new Virtual Asset Index Series will cover the leading cryptocurrencies, Bitcoin and Ethereum. This index, which follows the European Union’s strict regulatory guidelines, aims to provide a transparent and reliable real-time benchmark for crypto assets. HKEX Group Chief Executive Peter Chan emphasized that the index addresses the regional demand for digital assets and will help investors make informed decisions, supporting the healthy growth of the virtual asset market.

The index series will calculate Bitcoin and Ethereum prices using a 24-hour volume-weighted benchmark, based on the aggregated market value across major exchanges globally. Prices will be updated every day at 4:00 p.m. Hong Kong time, and will reflect current values in US dollars, aligning Asia’s benchmarks with those worldwide.

Additionally, HKEX highlighted that this index is the first of its kind in Hong Kong to adhere to the EU Benchmark Regulation (BMR). This regulation was developed to ensure the reliability of financial benchmarks following the 2008 financial crisis. Through this initiative, HKEX strengthens Hong Kong's position as a leading financial innovator, giving traders new tools to assess market value in the evolving world of digital assets.