Japan Exchange Group’s market innovation subsidiary JPXI and data provider QUICK Corp. have jointly launched the JPX-QUICK Crypto Asset Index Series, a set of benchmarks designed to track yen-denominated spot cryptocurrency transactions across Japan’s domestic market. The initiative, announced July 29, 2026, reflects growing institutional recognition of digital assets in the world’s third-largest economy, where crypto adoption has reached unprecedented levels.
- Market Size: 14 million+ crypto accounts with JPY 5 trillion in user deposits
- Indices Launched: JPX-QUICK Bitcoin Index (rebranded from QUICK Bitcoin Index) and JPX-QUICK Ethereum Index
- Trial Phase: April 2025; full-scale calculation commenced December 2025
- Data Sources: Multiple domestic crypto asset exchange service providers designated as Benchmark Exchanges
The index series draws on recommendations from the Crypto Asset Benchmark Study Group, which prompted QUICK to begin trial calculations of its Bitcoin index in April 2025. The partnership formalizes operational governance through published guidelines and methodologies designed to ensure fairness and transparency in index calculation. Index values will be disseminated via the QUICK website and terminal services.
The joint venture capitalizes on Japan’s evolving regulatory framework for crypto assets and addresses a gap in standardized, domestically-focused benchmarks. By aggregating trade execution data from multiple licensed exchanges, the indices aim to provide investors with reliable market indicators that reflect local trading conditions and price discovery mechanisms. The initiative signals a shift toward institutional-grade infrastructure for the Japanese crypto market, which has experienced rapid maturation since regulatory clarification in recent years.
JPX Market Innovation & Research, Inc. is a subsidiary of Japan Exchange Group, the operator of the Tokyo Stock Exchange, while QUICK Corp. specializes in financial data and market information services across equity, fixed income, and commodity markets.
