CCData, the FCA-authorised benchmark administrator and leading provider of digital asset data and index solutions owned by CoinDesk, today announced its appointment as the Calculation Agent and Administrator for the newly launched HKEX Virtual Asset Index Series.
London, October 28th – CCData, the FCA-authorised benchmark administrator and leading provider of digital asset data and index solutions owned by CoinDesk, today announced its appointment as the Calculation Agent and Administrator for the newly launched HKEX Virtual Asset Index Series.
The HKEX Virtual Asset Index Series, which will go live on November 15th, is the first EU Benchmarks Regulation (BMR)-compliant virtual asset index series developed in Hong Kong. Administered and calculated by CCData, an EU BMR-compliant provider of virtual asset data and indices , this series sets a high standard of confidence and reliability, providing market transparency to support Hong Kong as a digital asset hub. The index series will be managed by an index oversight committee, run by CCData and jointly established and overseen by Hong Kong Exchanges and Clearing Limited (HKEX).
This launch represents a significant milestone in the institutionalisation of virtual assets in Asia, underscoring the region's growing interest in this rapidly expanding sector. With a decade of expertise in virtual asset markets, CCData has already established itself as a leader in supporting ETFs and other innovative financial products across Europe and the United States. Through this initiative, CCData will facilitate Hong Kong’s growing position in virtual assets.
"This new virtual asset index series is a testament to the increasing momentum behind virtual assets in Asia, and by providing transparent market data and reliable pricing, we can support Hong Kong in becoming a digital asset hub.” said Charles Hayter, CEO of CCData. “We are proud to extend our services to this market, leveraging our cutting-edge technology and deep expertise in crypto markets to ensure the highest standards of data integrity and reliability for these innovative indices,” he continued. CCData is responsible for the administration and real-time calculation of the index series:
These indices are underpinned by CCData’s meticulous approach to data selection via its Exchange Benchmark methodology, which rigorously evaluates the risk associated with virtual asset exchanges, ensuring the integration of data exclusively from the most secure and dependable platforms. The full methodology behind these indices will be released on Friday, November 15th.
About CCData:
CCData is an FCA-authorised benchmark administrator and global leader in digital asset data, providing institutional-grade digital asset data and settlement indices. By aggregating and analysing tick data from globally recognised exchanges and seamlessly integrating multiple datasets, CCData provides a comprehensive and granular overview of the market across trade, derivatives, order book, historical, social and blockchain data.
CCData was recently acquired by CoinDesk, one of the most trusted media, events, indices, and data companies for the global crypto economy. CoinDesk Indices offers expertise in digital asset indices, data, and research to educate and empower investors. Since 2013, CoinDesk Media has led the story of the future of money and investing, illuminating the transformation in society and culture that comes with it.Learn more: https://ccdata.io
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