CF Benchmarks Moves Financial Pricing Infrastructure Onchain
(2 hours ago) · 1 source · Summarized by CryptoBipto
CF Benchmarks, a provider of cryptocurrency benchmark indices, has announced it is bringing its Wall Street pricing infrastructure onchain. The data infrastructure is reportedly used by major financial institutions including BlackRock. This move places traditional financial pricing tools directly on blockchain networks.
WHY IT MATTERS
Think of benchmark prices like the official scoreboard at a sports game — they are the trusted reference numbers that everyone agrees to use. In traditional finance, companies like CF Benchmarks provide these reference prices for crypto assets, and big investment firms use them to price their products. Until now, this data lived in traditional financial systems. Moving it "onchain" means putting it directly onto a blockchain, where it can be read and used by automated programs called smart contracts. This is notable because it bridges the gap between the traditional financial world and the newer world of decentralized finance, potentially making trusted pricing data more widely accessible.
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- coindesk.com
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