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In the ‘Diamond’ pilot, the Hong Kong Exchange will test digital asset trading

The Hong Kong Exchange (HKEX) announced on Tuesday that in 2022, it will launch “Diamond,” a trading platform to test digital assets.

Diamond’s initial focus will be on product offers that are aligned with environmental, social, and government principles.

The inclusion of cryptocurrencies in HKEX’s future pilot has not been specified.
Emerging technologies such as blockchain, smart contracts, and cloud computing will power Diamond.

According to KPMG, the HKEX is Asia’s third-largest stock exchange by market capitalization. Then, and Hong Kong was the fourth most popular destination for initial public offers in 2021. That’s, down from the top three due to China’s crackdown on IT firms.

In 2022, China’s tech giants are likely to establish bases in Hong Kong. That’s, as HKEX prepares to expand its role as a bridge between the world and the mainland.

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