CF Benchmarks - Cryptocurrency Indices & Reference Rates

CF Benchmarks is a Kraken subsidiary that provides regulated cryptocurrency indices and reference rates serving as the pricing infrastructure for digital asset ETFs and financial products worldwide. As a regulated benchmark administrator, CF Benchmarks delivers institutional-grade pricing data trusted by major Wall Street firms and asset managers.

Product Overview

CF Benchmarks produces cryptocurrency indices and reference rates built from diverse data sources to ensure accuracy, reliability, and resistance to manipulation. The company's flagship Bitcoin Reference Rate and other benchmark products underpin digital asset ETF products from BlackRock, Ark Invest, and other leading Wall Street institutions. These regulated benchmarks enable institutional investors to access crypto markets through compliant, auditable pricing infrastructure.

Key Products

• Bitcoin Reference Rate: Industry-standard pricing benchmark used by major Bitcoin ETF products
• Cryptocurrency Indices: Multi-asset index products covering various blockchain sectors and asset categories
• Reference Rate Suite: Comprehensive pricing benchmarks across major digital assets
• Market Intelligence: Monthly Market Recap reports and Monthly Strategist Calls providing expert analysis on blockchain sectors, price action, macro trends, and digital asset developments

Regulatory Framework

CF Benchmarks operates as a regulated benchmark administrator in compliance with the EU Benchmarks Regulation (BMR) and other applicable financial regulatory frameworks. This regulatory status ensures the company's indices meet institutional standards for use in regulated financial products, derivatives settlement, and portfolio valuation.

Use Cases

Institutional clients use CF Benchmarks data for ETF pricing and NAV calculation, derivatives settlement and cash settlement references, portfolio valuation and performance measurement, structured product pricing, and regulatory reporting requirements. The service is designed exclusively for banks, asset managers, exchanges, hedge funds, and other financial institutions requiring regulated, auditable cryptocurrency price data.

Why Choose CF Benchmarks

As part of Kraken's institutional ecosystem, CF Benchmarks combines over a decade of cryptocurrency market expertise with rigorous regulatory compliance and institutional-grade data quality. The company's indices provide the trusted pricing foundation enabling traditional finance institutions to access digital asset markets with confidence and regulatory certainty.