CF Benchmarks brings Wall Street pricing infrastructure onchain, including data used by BlackRock
CF Benchmarks is making its pricing indices used by BlackRock and CME Group available to blockchain-based financial applications through its new CFB Oracle service.
CF Benchmarks, owned by Kraken parent Payward, has introduced CFB Oracle, a service that gives blockchain applications access to its benchmarks for cryptocurrencies, stocks, bonds, commodities and currencies. The company's pricing indices underpin BlackRock's bitcoin exchange-traded fund (ETF) and CME Group's crypto futures, representing over $120 billion in assets.
Blockchain Integration
The new service aims to make the same pricing infrastructure used by major financial institutions available to developers building investment products on blockchains. This enables the creation of onchain index funds, tokenized portfolios and derivatives without requiring developers to build their own pricing systems.
CFB Oracle is available on Ethereum, HyperEVM and Robinhood Chain, with plans to support other compatible networks. The data is digitally signed, allowing applications to verify prices haven't been altered, and is published at the same frequency for all customers.
Future Applications
Payward intends to use CFB Oracle to supply pricing data for an upcoming U.S. perpetual futures offering powered by Hyperliquid, though that product is still awaiting regulatory approval. The launch puts CF Benchmarks in competition with oracle providers like Chainlink and Pyth.
CFB Oracle won't issue funds or handle trades itself. Its role is to supply the reference prices that blockchain-based financial products need to operate, helping bridge traditional finance and decentralized finance.
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