CF Benchmarks makes Crypto Indexes Available via DIA Oracles
DIA is a cross-chain, end-to-end, open-source data and oracle platform Web3 and the world’s leading crypto index provider CF Benchmarks (Kraken subsidiary) announced its collaboration to make CF Benchmark’s 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. 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 this new alliance, 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.”
About DIA
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 feed 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.
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About CF Benchmarks Ltd.
CF Benchmarks is the world’s leading crypto index provider. Its benchmark indices have settled over $500bn of CFTC and FCA regulated futures and options contracts and are tracked by ETFs and ETPs listed in Canada, Brazil, Switzerland and Germany. All indices are Registered Benchmarks in compliance with UK BMR.
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