CF Benchmarks Launches CFB Oracle, Bringing the Pricing Benchmarks Used by BlackRock and CME On-Chain

TechFlow reported on Oct. 27, citing CoinDesk, that CF Benchmarks, a subsidiary of Kraken's parent company Payward, launched the on-chain oracle service CFB Oracle to provide blockchain applications with benchmark price data for cryptocurrencies, equities, bonds, commodities and foreign exchange. CF Benchmarks' indexes serve as the pricing basis for BlackRock's Bitcoin ETF and CME Group's crypto futures; the company said products using its indexes have more than $120 billion in assets under management.

CFB Oracle currently supports Ethereum, HyperEVM and Robinhood Chain, with plans to expand to other compatible networks. The data is digitally signed to verify price sources and prevent tampering, and all clients receive the same update frequency, with no extra charge for faster access. Developers can use the service to build on-chain index funds, tokenized portfolios and derivatives without building their own pricing systems.

Payward plans to use CFB Oracle for its upcoming U.S. perpetual futures product, which is backed by Hyperliquid and still awaiting regulatory approval. This launch puts CF Benchmarks in competition with oracle service providers such as Chainlink and Pyth. CFB Oracle only provides reference prices; it does not issue funds or execute trades.

Source: TechFlow