HKVAC, a virtual asset rating agency in Hong Kong, was formally established and will launch virtual asset indexes and exchange ratings

HKVAC (Hong Kong Virtual Asset Consortium), a virtual asset rating agency in Hong Kong, announced its official establishment and is launching the "Virtual Asset Index" and "Virtual Asset Exchange Rating". Among them, the HKVAC Large-scale Cryptocurrency Index reflects the overall performance of cryptocurrencies with high market capitalization in the global cryptocurrency market, including the 30 cryptocurrencies with the highest global market capitalization that meet their candidate qualifications. Index adjustments are reviewed on a quarterly basis, and the review date is adjusted The last day of each quarter (March, June, September and December) respectively. Virtual asset exchange ratings reflect the creditworthiness of trading platforms and promote transparency and accountability in the virtual asset trading market. HKVAC was established by professional rating agencies and the industry. It is composed of stakeholders in the virtual asset industry, including big data companies, exchanges, institutional investors, etc., together with Hong Kong licensed rating agencies. It aims to create a safe virtual asset investment environment to improve the public Investors' recognition of virtual assets. HKVAC continuously monitors the risk level of the trading market, provides risk management indicators for industry stakeholders and investors, and conducts credit evaluation of virtual assets on the exchange to ensure that all investors can understand the risk level of their investment. HKVAC said it has received support from the following partner institutions, including FrancXav Asia Ratings, G-Rocket Global Accelerator, Hong Kong Data Infinity Technology, HKVAEX, Huobi, Ipollo, KuCoin, LK Venture, Nano Labs, Purise, Wealthking Investment Limited.