Kraken's CF Benchmarks puts its Wall Street price feeds onchain with CFB Oracle

CF Benchmarks, the index provider whose data underpins BlackRock's spot bitcoin ETF and CME Group's crypto futures, has launched a service to make those same benchmarks available to blockchain applications, CoinDesk reported on October 27.

The service, CFB Oracle, gives onchain applications access to the firm's reference prices for cryptocurrencies, stocks, bonds, commodities and currencies. The pitch is that developers building tokenized portfolios, onchain index funds, lending platforms or derivatives can plug into established benchmarks rather than build their own pricing systems — the data a tokenized-stock fund would need to value its holdings, or a lending platform would need to set collateral limits and trigger liquidations.

CF Benchmarks is owned by Payward, the parent of exchange Kraken. Per CoinDesk, it says its indices are already used by products representing more than $120 billion in assets — a figure that comes from the company itself and isn't independently verified here. CFB Oracle launches on Ethereum, HyperEVM and Robinhood Chain, with more compatible networks planned. The firm says each price is digitally signed so applications can confirm it came from CF Benchmarks unaltered, and that every index publishes at the same frequency for all customers, with no charge for faster access.

There is a concrete in-house use case: Payward intends to use CFB Oracle to supply pricing for a planned U.S. perpetual futures product powered by Hyperliquid. That offering is still awaiting regulatory approval, and no timeline was given. CFB Oracle itself doesn't issue funds or execute trades — it only supplies reference prices. The launch pits CF Benchmarks against incumbent onchain oracle providers Chainlink and Pyth.

Key facts

• CF Benchmarks launched CFB Oracle, bringing its multi-asset benchmarks onchain (CoinDesk, Oct 27).
• Its indices underpin BlackRock's bitcoin ETF and CME Group's crypto futures (CoinDesk).
• Products using its data represent "more than $120 billion" in assets — per CF Benchmarks (CoinDesk).
• Live on Ethereum, HyperEVM and Robinhood Chain; more networks planned (CoinDesk).
• Payward plans to use it for a U.S. perpetual futures product powered by Hyperliquid, pending regulatory approval (CoinDesk).
• Competes with Chainlink and Pyth (CoinDesk).

The real-world read Note the ownership chain: CF Benchmarks is owned by Payward, and Payward's own forthcoming perpetuals product is the headline customer. The "data trusted by BlackRock and CME" framing is accurate but does the marketing work here — it lends TradFi credibility to a service whose first named user is a sibling company. The $120 billion figure and the "no paying for faster access" claim both come from the provider; neither is independently confirmed. And the Payward perpetuals product remains hypothetical until a regulator signs off — "pending approval" is carrying weight. This item rests on a single secondary report; CF Benchmarks has not been quoted directly here beyond what CoinDesk relayed.

Opinion, and whose CoinDesk frames the launch as potentially enabling developers to build onchain index funds, tokenized portfolios and derivatives using established benchmarks — a characterization of the opportunity, not a confirmed outcome.

Sources

• CoinDesk (Tier 2, secondary), Oct 27, 2026 — the sole basis for this report: the CFB Oracle launch, supported networks, the BlackRock/CME lineage, the $120B figure (attributed to the company), the Payward/Hyperliquid use case, and competitor context. The same page carried a separate sponsored item on "Productive Stablecoins" — that is marketing and was not used.

This is news coverage, not financial advice.