CF Benchmarks and Open-Source Oracle Platform DIA Make Crypto Indexes Available On-Chain

DIA, the open source data platform for decentralised finance and the UK FCA-regulated crypto index provider CF Benchmarks announced today that they will make CF Benchmarks’ crypto index reference prices available via the DIA oracle suite. 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. CF Benchmarks is best known for its CME CF Bitcoin Reference Rate, a price benchmark used by the CME Group to settle Bitcoin futures and options. Access to Compliant ETH and SOL prices In this new move, DIA will include CF Benchmarks’ reference prices as feeds in its data offering. As a start, reference prices for native tokens of the Layer 1 blockchains Ethereum and Solana will be provided as oracles. Oracles are smart-contract-readable data streams that enable applications running on the blockchain to ingest and read data from outside their own ecosystems. ETH and SOL reference prices will be provided to both Ethereum-native and Solana-native developers. The availability of institutional-grade reference prices from a benchmark regulation compliant and Big 4 audited provider will enable secure development of new financial...