CF Benchmarks Brings Wall Street Prices Onchain With CFB Oracle
The benchmark price provider used by BlackRock and CME Group is making crypto, stock, and bond prices available for onchain products. That puts CF Benchmarks directly in the market for DeFi oracles.
Key Takeaways
- CF Benchmarks is launching CFB Oracle to make benchmark prices for crypto, stocks, bonds, commodities, and currencies available onchain.
- The service supports blockchain apps for things like tokenized funds, portfolios, loans, and derivatives, with digitally signed data.
- CFB Oracle now runs on Ethereum, HyperEVM, and Robinhood Chain and competes with oracles like Chainlink and Pyth.
CF Benchmarks is bringing its price data to blockchains with the launch of CFB Oracle. The benchmark price provider, which is also used by BlackRock and CME Group, wants to make the same reference prices available to developers of onchain investment products.
Prices for Onchain Products
With CFB Oracle, blockchain apps get access to benchmarks for crypto, stocks, bonds, commodities, and currencies. That is especially relevant for products that need reliable pricing, such as funds with tokenized stocks or lending platforms that accept tokenized bonds as collateral.
CF Benchmarks says its indices are already used by products with more than $120 billion (€107 billion) in assets combined. The new service is meant to help developers build onchain index funds, tokenized portfolios, and derivatives without having to set up their own pricing system.
Security and Networks
The data is digitally signed, so apps can verify that the prices really come from CF Benchmarks and were not changed along the way. The company also publishes the indices for all customers at the same pace, instead of selling faster access separately.
CFB Oracle is now available on Ethereum, HyperEVM, and Robinhood Chain, with plans to add more compatible networks later. That broad rollout shows the service is not tied to one chain, but instead is focused on use across multiple ecosystems.
Competition With Oracles
The move puts CF Benchmarks up against established oracle providers like Chainlink and Pyth, which already supply market data to DeFi platforms for trading and lending. For European crypto readers, the big takeaway is that traditional benchmark data is now going straight onto the blockchain, while the line between classic financial products and DeFi keeps getting blurrier.
Inside Payward, Kraken's parent company, the service also has its own role. Kraken wants to use CFB Oracle for an upcoming U.S. perpetual futures offering around Hyperliquid (HYPE), although that product is still waiting for regulatory approval. That fits into a broader trend where onchain markets are increasingly using traditional assets and price references too, such as with tokenized stocks in DeFi.
