Hong Kong Bourse Set to Pilot Digital-Asset Platform

What’s new: Hong Kong Exchanges and Clearing Ltd. (HKEX) is planning to establish a digital-asset trading platform, a pilot version of which is set to be launched this year, the bourse announced Tuesday.

The platform, called Diamond, will be a one-stop shop for data trading and custody with instant settlements, said Glenda So, co-head of markets at HKEX. The cloud-based system will use smart contract and blockchain technology, So said in a speech during HKEX’s Corporate Day event.