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CF Benchmarks brings Wall Street pricing infrastructure onchain, including data applied by BlackRock

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CF Benchmarks, whose pricing indices underpin BlackRock's bitcoin exchange-traded fund (ETF) and CME Group's crypto futures, is bringing its market data to blockchain networks as more financial firms look to offer traditional investment products through decentralized finance (DeFi).

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Summary

CF Benchmarks is making the pricing indices used by BlackRock and CME Group available to blockchain-based financial applications. The new service could help developers build onchain index funds, tokenized portfolios and derivatives using established market benchmarks. Kraken parent Payward plans to use the service for a U.S. perpetual futures offering powered by Hyperliquid, pending regulatory approval. The company, which is 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.

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