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

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).

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.

The idea is to make the same pricing infrastructure used by major financial institutions available to developers building investment products on blockchains.

For example, a blockchain-based fund holding tokenized stocks would need reliable prices to calculate the value of its portfolio. A lending platform accepting tokenized bonds as collateral would need that data to determine how much users can borrow and when positions should be liquidated.

CF Benchmarks already provides this type of pricing data to traditional financial markets. Its indices are used by products representing more than $120 billion in assets, according to the company.

With CFB Oracle, developers can use those benchmarks to build products such as onchain index funds, tokenized portfolios and derivatives without having to develop their own pricing systems. The service is available on Ethereum ETH$2,490.55, HyperEVM and Robinhood Chain, with plans to support other compatible networks.

CF Benchmarks says the data is digitally signed, allowing applications to check that prices came from the company and haven't been altered. It also publishes each index at the same frequency for all customers, rather than charging for faster access.

The service has a planned use within Payward. The Kraken parent intends to use CFB Oracle to supply pricing data for an upcoming U.S. perpetual futures offering powered by Hyperliquid (HYPE). That product is still awaiting regulatory approval.

The launch puts CF Benchmarks in competition with oracle providers such as Chainlink LINK$12.64 and Pyth, which already supply market data to decentralized trading and lending platforms.

CFB Oracle won't issue funds or handle trades itself. Its role is to supply the reference prices those products need to operate.