BlackRock's bitcoin ETF price source moves onchain as CF Benchmarks launches CFB Oracle
The pricing indices behind BlackRock's bitcoin exchange-traded fund and CME Group's crypto futures are now available to blockchain developers. CF Benchmarks, owned by Kraken parent Payward, has launched CFB Oracle, a service that feeds its benchmarks for cryptocurrencies, stocks, bonds, commodities and currencies into onchain applications, the company said.
The pitch is that developers building tokenised portfolios, onchain index funds and derivatives no longer need to assemble their own pricing systems. A blockchain fund holding tokenised stocks needs reliable prices to value its portfolio; a lending platform taking tokenised bonds as collateral needs them to set borrowing limits and decide when to liquidate. CF Benchmarks says its indices are used by products representing more than $120 billion in assets.
CFB Oracle is live on Ethereum, HyperEVM and Robinhood Chain, with other compatible networks planned. The company says the data is digitally signed so applications can verify prices came from it and were not altered, and that every index is published at the same frequency for all customers rather than sold on faster access.
Payward has a planned use of its own: the Kraken parent intends to draw on CFB Oracle for an upcoming US perpetual futures offering powered by Hyperliquid, a product still awaiting regulatory approval. The service does not issue funds or handle trades; its role is to supply reference prices.
That puts CF Benchmarks in direct competition with oracle providers Chainlink and Pyth, which already supply market data to decentralised trading and lending platforms. The launch is a bet that as more traditional investment products are wrapped in tokens, the pricing layer beneath them becomes as valuable as the assets themselves.
