CF Benchmarks Indices

CF Benchmarks is a Kraken company that builds cryptocurrency indices and reference rates using diverse data sources, providing the pricing infrastructure underpinning digital asset ETFs and financial products worldwide. The subsidiary operates as a regulated benchmark administrator serving institutional investors, asset managers, and financial product issuers.

Index and Benchmark Products

CF Benchmarks produces the Bitcoin Reference Rate and other cryptocurrency indices used by major Wall Street institutions including BlackRock, Ark Invest, and other leading asset managers for their Bitcoin ETF products. These benchmarks are built using diverse data sources to ensure accuracy, reliability, and resistance to manipulation. The company's indices serve as critical pricing infrastructure for regulated financial products, providing institutional-grade reference rates that meet stringent regulatory requirements.

Market Intelligence

The company publishes regular market research and analysis including monthly Market Recap reports offering concise overviews of key blockchain categories and price action within broader market context. Additionally, CF Benchmarks hosts Monthly Strategist Calls providing expert insights on market developments, macro trends, and digital asset sector analysis. These intelligence products help institutional clients stay informed about cryptocurrency market dynamics and make data-driven investment decisions.

Regulatory Compliance

CF Benchmarks operates as a regulated benchmark administrator in compliance with financial regulatory frameworks including the EU Benchmarks Regulation (BMR) and other applicable standards. This regulatory status enables the company's indices to be used as reference prices for regulated financial products and derivatives, providing the legal certainty required for institutional adoption.

Institutional Focus

The service is designed exclusively for institutional use cases including ETF pricing, derivatives settlement, portfolio valuation, performance measurement, and structured product pricing. CF Benchmarks serves banks, asset managers, exchanges, and other financial institutions requiring regulated, auditable cryptocurrency price data backed by Kraken's 14 years of cryptocurrency market expertise.