Key Takeaways
- • CF Benchmarks, owned by Kraken parent Payward, launched CFB Oracle, giving blockchain applications access to its benchmark data across cryptocurrencies, stocks, bonds, commodities and currencies, according to CoinDesk.
- • The company says its indices already underpin products with more than $120 billion in assets, including BlackRock's bitcoin ETF and CME Group's crypto futures.
- • CFB Oracle is available on Ethereum, HyperEVM and Robinhood Chain, with plans to add other compatible networks, and publishes data at the same frequency for all customers without charging for faster access.
- • The service positions CF Benchmarks against oracle providers Chainlink and Pyth, which already supply market data to decentralized trading and lending platforms.
- • Payward plans to use CFB Oracle for a proposed U.S. perpetual futures offering powered by Hyperliquid, which remains subject to regulatory approval.
Summary
CF Benchmarks has launched CFB Oracle, a service that extends its benchmark pricing infrastructure to blockchain networks, according to CoinDesk. The service gives blockchain applications access to benchmark data covering cryptocurrencies, stocks, bonds, commodities and currencies. The company says the goal is to make the pricing infrastructure used by major financial institutions available to developers building investment products on blockchains.
CF Benchmarks, owned by Kraken parent Payward, says its indices already underpin BlackRock's bitcoin exchange-traded fund and CME Group's crypto futures. According to the company, products referencing those indices represent more than $120 billion in assets. The service is currently available on Ethereum, HyperEVM and Robinhood Chain, with additional compatible networks planned. CF Benchmarks says the data is digitally signed so applications can verify that prices originated from the company and were not altered. It also publishes each index at the same frequency for all customers rather than charging for faster access.
The service could allow developers to build onchain index funds, tokenized portfolios and derivatives without developing their own pricing systems. Cited use cases include blockchain-based funds holding tokenized stocks and lending platforms that accept tokenized bonds as collateral and rely on reference prices to set borrowing limits and manage liquidations.
Payward plans to use CFB Oracle for an upcoming U.S. perpetual futures offering powered by Hyperliquid, though that product still awaits regulatory approval. The launch places CF Benchmarks in competition with oracle providers Chainlink and Pyth, which already supply market data to decentralized trading and lending platforms. CFB Oracle does not issue funds or execute trades; its role is limited to supplying the reference prices these products need to operate.
CF Benchmarks, owned by Kraken parent Payward, says its indices already underpin BlackRock's bitcoin exchange-traded fund and CME Group's crypto futures. According to the company, products referencing those indices represent more than $120 billion in assets. The service is currently available on Ethereum, HyperEVM and Robinhood Chain, with additional compatible networks planned. CF Benchmarks says the data is digitally signed so applications can verify that prices originated from the company and were not altered. It also publishes each index at the same frequency for all customers rather than charging for faster access.
The service could allow developers to build onchain index funds, tokenized portfolios and derivatives without developing their own pricing systems. Cited use cases include blockchain-based funds holding tokenized stocks and lending platforms that accept tokenized bonds as collateral and rely on reference prices to set borrowing limits and manage liquidations.
Payward plans to use CFB Oracle for an upcoming U.S. perpetual futures offering powered by Hyperliquid, though that product still awaits regulatory approval. The launch places CF Benchmarks in competition with oracle providers Chainlink and Pyth, which already supply market data to decentralized trading and lending platforms. CFB Oracle does not issue funds or execute trades; its role is limited to supplying the reference prices these products need to operate.
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