Hong Kong Exchanges and Clearing (HKEX) is set to unveil a series of virtual asset indices on November 15, according to their announcement made on Monday.

HKEX aims to offer clear and reliable real-time benchmarks to empower investors in making informed decisions, supporting the growth of the virtual asset ecosystem and solidifying Hong Kong’s status as a global financial hub. Bonnie Chan, CEO of HKEX, mentioned:

"By offering transparent and reliable real-time benchmarks, we seek to enable investors to make informed investment decisions, which will in turn support the development of the virtual asset ecosystem and reinforce Hong Kong's role as an international financial center."

The indices will be managed and calculated by CCData, a UK-registered benchmark administrator and virtual asset data provider. This index series will incorporate a reference index for Bitcoin (BTC) and Ether (ETH), alongside a reference rate for both cryptocurrencies. The reference price will draw from leading virtual asset exchanges and will be expressed in U.S. dollars. Additionally, the reference rate will be calculated daily for financial product settlements at 4:00 PM Hong Kong time.