Hong Kong, March 25,2024 – HashKey Group has entered into a Memorandum of Understanding (MOU) with CoinDesk Indices, the leading provider of digital asset indices since 2014. This landmark agreement aims to facilitate collaboration and mutual support across entities, aiming to bring greater transparency, accessibility, and sophistication to the cryptocurrency market.
The market is demanding a need for spot ETFs and compliant ways to invest in crypto. To meet this crucial need in the region, CoinDesk Indices plans to work with HashKey Group on market data solutions that are better to align with Hong Kong needs. In turn, CoinDesk Indices will 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, expressed enthusiasm about the new partnership with HashKey Group, emphasizing the strategic expansion and heightened focus in the APAC region. He affirmed the company’s dedication to the global digital asset markets, underscoring their mission to deliver premier solutions characterized by quality, transparency, and accessibility. “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.” Campbell stated.
As market demand continues to grow, HashKey Group and CoinDesk Indices will continue to collaborate closely, within regulatory frameworks, to bring users more innovative products and solutions.
About HashKey Group
Established in 2018, HashKey Group is Asia’s leading end-to-end digital asset financial services group that upholds the principle of “compliance first”. Headquartered in Hong Kong and with operations in Singapore and Tokyo. The Group has a wide range of businesses that provide retail investors, large institutions, family offices, funds, and professional and accredited investors with innovative investment opportunities and end-to-end solutions in the fields of digital assets and the Web3 ecosystem. Our core businesses include HashKey Exchange, a licensed virtual asset exchange regulated by the Hong Kong SFC; HashKey Capital, a global asset manager investing exclusively in blockchain technology and digital assets; HashKey Cloud, a world-leading blockchain node validation service provider; HashKey Tokenisation, a tokenisation services provider; and HashKey NFT, a Web3 incubation and community operation service provider, among others.
About CoinDesk Indices
CoinDesk Indices (CDI), a subsidiary of CoinDesk, has been the leading provider of digital asset indices by AUM since 2014. We are driven by precision, rigor, research and a desire to educate the marketplace and empower investors. CoinDesk, a media, events, data, and indices company, is the most influential and trusted platform for the global crypto ecosystem.
CoinDesk Indices offers single-asset reference indices, broad market and sector indices, and systematic strategy indices. The CoinDesk Bitcoin Price Index (XBX) is published once per second and underlies both the first and largest crypto investment products globally. As the Hong Kong market moves towards spot bitcoin and ether ETFs, XBX and ETX (the CoinDesk Ether Price Index) provide valuation index levels to serve the noon and 4pm session closes that support the HKVATPs, spot ETFs and crypto fund developments in the city. In January 2024, the CoinDesk 20 Index was launched, utilizing a market-capitalization weighted methodology to track a selection of the world’s largest and most liquid digital assets and enhance diversification. For more information, please visit www.coindeskmarkets.com.
