CoinDesk Indices will help HashKey to propose indices that can support token eligibility requirements for digital asset exchanges under the Hong Kong Virtual Assets Trading Platform (VATP) regulatory framework.
HashKey Group and CoinDesk Indices have signed a landmark agreement to facilitate collaboration and mutual support across entities, particularly on market data solutions that are better to align with Hong Kong needs.
The Memorandum of Understanding (MoU) comes on the heels of Hong Kong’s expected move into crypto spot ETFs in 2024. HashKey is one of the many virtual asset services providers looking to lead a Bitcoin ETF offering in the jurisdiction. Livio Weng, the COO of HashKey, recently said that around ten fund companies are contemplating the launch of spot crypto ETFs in the region.
CoinDesk Indices to assist in token listings
To meet this crucial need in the region, CoinDesk Indices plans to work with HashKey Group on market data solutions that are better aligned with Hong Kong’s needs. They will also assist HashKey Exchange in token listings support, such as proposing indices that can support token eligibility requirements for digital asset exchanges under the Hong Kong Virtual Assets Trading Platform (VATP) regulatory framework.
For HashKey Capital and HashKey Cloud, CoinDesk Indices is exploring the use of its systematic strategy offerings, such as the CoinDesk Bitcoin and Ether Trend Indicators, and other potential opportunities.
These innovations in product offerings are designed with a focus on compliance and risk management, aiming to cater to the sophisticated needs of institutional clients, retail investors, and high-net-worth individuals, while adhering to the regulatory framework for investor protection.
HashKey Group COO and HashKey Exchange CEO, Livio Weng said: “We are thrilled to collaborate with CoinDesk Indices to enhance our offerings and better serve our clients. This partnership underscores our commitment to driving innovation and fostering growth in the crypto market.”
Alan Campbell, President of CoinDesk Indices, said: “This collaboration with HashKey Group marks a significant step towards our commitment to enrich the digital asset ecosystem and ensure it is more accessible, transparent, and of the highest quality for our global audience.”
