CF Benchmarks launches onchain pricing service for crypto and traditional assets

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CF Benchmarks onchain pricing launch

Highlights

CF Benchmarks launched CFB Oracle, allowing blockchain applications access to its benchmark data for crypto, stocks, bonds, commodities, and currencies.
CF Benchmarks' indices already underpin products with over $120 billion in assets, including BlackRock's bitcoin ETF and CME Group's crypto futures.
CFB Oracle supports Ethereum, HyperEVM, and Robinhood Chain, positioning CF Benchmarks in competition with Chainlink and Pyth for blockchain market data delivery.

Blockchain rollout for benchmark data

As reported by CoinDesk, CF Benchmarks has introduced CFB Oracle, a service that gives blockchain applications access to its benchmarks across cryptocurrencies, stocks, bonds, commodities and currencies. The company says the aim is to make the same 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, those indices are used by products representing more than $120 billion in assets.

The service is available on Ethereum, HyperEVM and Robinhood Chain, with plans to add support for other compatible networks. CF Benchmarks says the data is digitally signed so applications can verify the prices came from the company and were not altered, and it publishes each index at the same frequency for all customers rather than charging for faster access.

DeFi product development and market competition

Access to benchmark pricing could help developers build onchain index funds, tokenized portfolios and derivatives without creating their own pricing systems. That includes use cases such as blockchain-based funds holding tokenized stocks, or lending platforms that accept tokenized bonds as collateral and need reference prices to manage borrowing limits and liquidations.

Payward plans to use CFB Oracle for an upcoming U.S. perpetual futures offering powered by Hyperliquid, although that product is still awaiting regulatory approval. The launch also places CF Benchmarks in competition with oracle providers such as Chainlink and Pyth, which already supply market data to decentralized trading and lending platforms.

CFB Oracle does not issue funds or execute trades itself. Its role is limited to supplying the reference prices needed for blockchain-based financial products to operate.

Our earlier coverage looked at the S&P 500’s push toward the 8,000 level and why investors were turning their attention to whether third-quarter earnings could clear a higher bar amid elevated oil prices, higher Treasury yields, and political uncertainty. The piece also flagged concentration risk in AI-linked megacaps and weakening market breadth, suggesting the index’s resilience could hinge on results from a narrow group of leaders.

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