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# HKEX to Launch Virtual Asset Index Series in November
- URL: https://blog.1token.tech/hkex-to-launch-virtual-asset-index-series-in-november/
- Published: 2024-11-05T00:14:00.000Z
- Updated: 2024-11-06T00:33:33.000Z
- Description: HKEX is set to launch a Virtual Asset Index Series on November 15, 2024, offering benchmarks for major cryptocurrencies. OKX partners with Standard Chartered for third-party custody. Binance introduces a new wealth management platform for advisors.
- Author: 1Token
- Tags: Market Digest

## HKEX launching virtual asset index

Hong Kong Exchanges and Clearing Limited (HKEX)[ announced on Oct.28 on the launch of the HKEX Virtual Asset Index Series (Index Series)](https://www.hkex.com.hk/News/News-Release/2024/241028news?sc%5Flang=en&ref=blog.1token.tech), to offer a reliable benchmark for BTC/USD, ETH/USD and ETH/BTC. The Index Series will go live on 15 November 2024.

The Reference Index is a 24-hour volume weighted reference spot price of Bitcoin or Ether, using prices aggregated from top-rated virtual asset exchanges, calculated in real-time and denominated in US dollars. Meanwhile, the Reference Rate is designed for the settlement of financial products, calculated daily at 4:00 pm Hong Kong time. More details on the design and calculation methodology of the Index Series to be announced.

## OKX partners with Standard Chartered as 3rd party custody

OKX Exchange announced the appointment of Standard Chartered Bank as a third-party crypto custodian for its global institutional business.

Announcement links are

- OKX: [https://www.okx.com/learn/okx-standard-chartered](https://www.okx.com/learn/okx-standard-chartered?ref=blog.1token.tech)
- Standard Chartered: [https://www.sc.com/en/press-release/okx-names-standard-chartered-as-institutional-third-party-custody-partner/](https://www.sc.com/en/press-release/okx-names-standard-chartered-as-institutional-third-party-custody-partner/?ref=blog.1token.tech)

Preivously in 2023 Binance also announced similar tri-party agreement, but didn't disclose the banking partner [https://www.binance.com/en/blog/vip/binance-pilots-banking-triparty-agreement-to-help-institutional-investors-manage-counterparty-exposure-6193507006097722519](https://www.binance.com/en/blog/vip/binance-pilots-banking-triparty-agreement-to-help-institutional-investors-manage-counterparty-exposure-6193507006097722519?ref=blog.1token.tech)

## Binance introduced Binance Wealth for wealth managers

Binanced introduced [Binance Wealth](https://www.binance.com/en/blog/vip/introducing-binance-wealth-the-industrys-first-crypto-exchange-solution-purposebuilt-for-wealth-managers-1998948947873239317?ref=blog.1token.tech), technological solution specifically designed for wealth managers and their high-net-worth clients.Binance Wealth is announced to offer a streamlined, intuitive platform for wealth managers to oversee their clients’ exposure to crypto assets on Binance.Without further detail, it looks like an end-to-end trading and investment management solution which only includes Binance exchange, and potentially Ceffu custody and Binance wallet.

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