South Korean crypto exchange Coinone announced on the 3rd that it has signed a memorandum of understanding (MOU) with KIS Pricing, a Moody’s-affiliated institutional asset evaluator, to jointly develop a crypto asset index. This marks the first collaboration of its kind between a crypto exchange and a traditional financial institution to build a credible benchmark for the domestic digital asset market.
Under the agreement, Coinone will provide reliable market data, core index indicators, and educational content, while KIS Pricing will lead index planning, development, and operation using its expertise in institutional-grade index methodology and performance evaluation.
The upcoming crypto index is expected to serve as a benchmark similar to stock market indices, offering investors a clearer view of overall market trends. It also has the potential to serve as the underlying index for future crypto ETFs and as a performance reference for institutional funds, making it a key component in South Korea’s ongoing effort to integrate digital assets into the regulated financial system.
Lee Sung-hyun, Co-CEO of Coinone, stated, “While the institutionalization and legal framework for crypto assets is progressing rapidly, there is still no trusted benchmark index. By combining Coinone’s data reliability with KIS Pricing’s index expertise, we aim to deliver a standard-setting index for the Korean crypto market.”
This partnership represents a first-of-its-kind collaboration that bridges traditional finance with the crypto sector. It is expected to accelerate the development of institutional investment infrastructure for virtual assets in South Korea and enhance trust in the market.
