CF Benchmarks to provide crypto price indexes for BlockFi lending products
BlockFi, a financial services company focused on building products for cryptocurrencies, has partnered with cryptocurrency benchmark indexes provider CF Benchmarks whereby CF Benchmarks will provide independent pricing and valuation of their crypto deposits and loan collateral for its full product suite.
Additionally, CF Benchmarks indexes will empower BlockFi clients to refine asset allocation, improve risk management and measure investment performance. These processes are vital for investors to realise the full value of their crypto holdings, and are impossible to accomplish without reliable pricing sources such as the CF Benchmarks indexes.
By partnering with CF Benchmarks, which is regulated by the UK’s Financial Conduct Authority (FCA), BlockFi can continue to innovate and serve its sophisticated clients, both retail and institutional with products underpinned by CF Benchmark’s pricing indices.
“Transparency is one of BlockFi’s core pillars and now with FCA-regulated cryptocurrency indexes behind our products, our clients can be confident knowing they’re getting the most trusted information to best inform their decision making, no matter what time of day it is,” says Zac Prince, CEO of BlockFi, regarding the partnerships. “CF Benchmarks has set the gold standard for crypto price indexes, and these credible and regulated price sources are imperative to the acceleration and support of the rapid crypto adoption we’re seeing from institutional and retail investors worldwide.”
"The construction of our cryptocurrency benchmark indexes is unique,” says Sui Chung, CEO of CF Benchmarks. “We use tried and trusted methods from traditional finance combined with crypto-specific concepts, while providing the utmost transparency through published methodologies, policies, governance and oversight. We are very proud to work with an industry leader such as BlockFi, which understands the importance of licensing robust indices from an independent provider to ensure their sophisticated and demanding clients are getting the very best service.”