CF Benchmarks makes Crypto Indexes Available via DIA Oracles
We are thrilled to cooperate with the world’s leading crypto index provider CF Benchmarks (Kraken subsidiary) to make crypto index reference prices available via DIA guest oracles.
We are thrilled to announce, together with the UK FCA-regulated crypto index provider CF Benchmarks, the launch of crypto index reference prices via the DIA oracle suite. The cooperation will make CF Benchmarks’ host of digital asset indices available to the wider crypto-native ecosystem and enable robust and regulated access to institutional-grade index data for Web3.
With a total settlement volume of more than $500bn since its inception in 2017, UK-based CF Benchmarks Ltd is the world’s leading crypto index provider. Acquired in 2019 by the global digital asset exchange Kraken, CF Benchmarks provides reference rates that are tracked by ETFs and ETPs listed on exchanges around the globe, including Canada, Brazil, Switzerland and Germany. Its best-known reference rate is the CME CF Bitcoin Reference Rate, a price benchmark used by the Chicago Mercantile Exchange (CME) Group to settle Bitcoin futures and options.
With the new integration, DIA will include CF Benchmarks’ reference rates as feeds in its data offering. ETH and SOL reference rates will be provided to both Ethereum-native and Solana-native developers. The availability of institutional-grade, Benchmark Regulation compliant reference rates will enable secure development of new financial products and services underpinned by resilient and robust methodologies in Web3.
Michael Weber, DIA Association Co-Founder mentions:
“The emergence of decentralised finance poses a challenge and opportunity for investors and regulators alike. Teams like CF Benchmarks are at the forefront of creating a safe and secure environment for investors to allocate their capital. This is crucial for the development and the maturing of the ecosystem and we are excited to be a part of that journey.”
Sui Chung, CF Benchmarks CEO comments:
“CF Benchmarks is continually looking for ways to improve the availability of robust, reliable cryptocurrency pricing data, for users of digital asset ecosystems, as well as institutional and individual investors. That is why we are proud to partner with DIA, one of the most comprehensive and fastest-growing oracle platforms, with a user base deeply embedded in the blockchain development community. We are confident that this partnership will be a significant step towards enabling the high-integrity pricing that will be critical for mass adoption of DeFi, Web3 and beyond.”
DIA is a cross-chain, end-to-end, open-source data and oracle platform for Web3. The DIA platform enables the crowd-sourcing, validation and sharing of transparent and verified data feeds for asset prices, metaverse data and more. DIA data is simultaneously sourced at a trade level from multiple on-chain and off-chain sources and made available to developers on all relevant layer 1 and layer 2 networks.