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AI summary of a third-party reportBullishNewsDesk

CF Benchmarks puts BlackRock ETF pricing data onchain via CFB Oracle

Kraken owner Payward's CF Benchmarks has launched CFB Oracle, giving blockchain apps access to the indices behind BlackRock's Bitcoin ETF and CME's crypto futures.

Why it matters: The indices behind BlackRock's Bitcoin ETF and CME's crypto futures would become reference prices for onchain funds, lending and derivatives, putting CF Benchmarks up against Chainlink and Pyth.

InvestIn.News NewsDesk · 1 min read
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Picture from CoinDesk for: CF Benchmarks puts BlackRock ETF pricing data onchain via CFB Oracle
Image: CoinDesk
Original reporting: Helene Braun, CoinDesk

Key points

  • CFB Oracle is live on Ethereum, HyperEVM and Robinhood Chain, with other networks planned
  • CF Benchmarks indices underpin products representing more than $120bn in assets, the company says
  • Payward plans to use it to price a US perpetual futures offering powered by Hyperliquid, pending regulatory approval

CF Benchmarks, the index provider owned by Kraken parent Payward, has launched CFB Oracle, a service that brings its benchmarks to blockchain applications. CoinDesk reports that the indices behind BlackRock's Bitcoin exchange-traded fund and CME Group's crypto futures will now be available to developers building onchain products. The benchmarks cover cryptocurrencies, stocks, bonds, commodities and currencies.

The aim is to give blockchain developers the same pricing infrastructure used by large financial institutions. A tokenised fund would need dependable prices to value its portfolio, while a lending platform taking tokenised bonds as collateral would need them to set borrowing limits and decide when to liquidate positions. CF Benchmarks says its indices are used by products representing more than $120bn in assets.

CFB Oracle is available on Ethereum, HyperEVM and Robinhood Chain, with support planned for other compatible networks.

Payward intends to use the service to supply prices for an upcoming US perpetual futures offering powered by Hyperliquid, which is still awaiting regulatory approval. CFB Oracle will not issue funds or execute trades; it supplies the reference prices those products rely on.

What to watch: Payward's US perpetual futures product, powered by Hyperliquid and priced with CFB Oracle, is still awaiting regulatory approval.

Read the full story on CoinDesk

Live updates on NewsFeeds:ETFsDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)

How this was produced: an AI model wrote this summary of CoinDesk’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.

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