We are thrilled to announce that CF Benchmarks has entered into a strategic partnership with Kiln to launch Ethereum staking indices. Staking index benchmarks offer a transparent way to track the performance of the protocol rewards linked to the staking of digital assets. Institutional funds can employ these indices for index replication, as a reference point for evaluating performance, or for settling derivative contracts.
CF Benchmarks, a wholly owned subsidiary of Kraken, is the world’s first and leading provider of digital asset indices and rates for financial institutions and professional traders. Through this collaboration, our shared goal is to bridge existing gaps and promote the adoption of digital assets within institutional circles with a particular focus on staking.
Understanding Kiln Connect, how it works
By utilizing Kiln Connect and accessing its granular API, CF Benchmarks calculates daily staking reward rate indices that accurately reflect either the current or anticipated staking rewards for digital assets.
Starting initially with Ethereum, Kiln Connect provides seamless integration for all major Proof-of-Stake (PoS) protocols.
Through this partnership, both financial institutions and seasoned traders will receive enhanced support and resources to efficiently manage and optimize their digital asset portfolios within the realm of PoS protocols.
Why CF Benchmarks chose Kiln
Beyond Kiln’s advanced capabilities of reliable data delivery through Kiln Connect, CF Benchmarks’ decision to choose Kiln as one of its staking indices partner was greatly influenced by Kiln's substantial share on Ethereum that represents the overall network with the utmost accuracy and guarantees data integrity.
"Partnering with Kiln to build staking indices has been a great experience. We are impressed by their capabilities on blockchain infrastructure and their technical excellence and look forward to our customers using our new indices to power their digital assets markets activities." — Sui Chung, CEO of CF Benchmarks
"Kiln is proud to partner with CF Benchmarks, a global leader in digital asset indexing. By leveraging Kiln Connect’s real-time staking rewards and network-wide data, CF Benchmarks clients now have enhanced visibility into this important segment of the crypto economy. We look forward to continued collaboration as digital assets and their uses continue to evolve." — Laszlo Szabo, CEO and Co-founder of Kiln
About CF Benchmarks
CF Benchmarks is the leading provider of cryptocurrency benchmark indices, authorised as a registered Benchmark Administrator (FRN 847100) under the UK Benchmarks Regulation (UK BMR). CF Benchmarks' indices underpin 99% of the regulated crypto derivatives market, including all crypto derivatives offered by CME Group and equating to over $550bn of cryptocurrency derivative contracts listed for trading by CME Group and Kraken Futures combined.
About Kiln
Kiln is the leading enterprise-grade staking platform, enabling institutional customers to stake assets, and to whitelabel staking functionality into their offering. Kiln runs validators on all major PoS blockchains, with over $2.2 billion crypto assets being programmatically staked, and running over 3% of the Ethereum network on a multi-cloud, multi-region infrastructure. Kiln also provides a validator-agnostic suite of products for fully automated deployment of validators, and reporting and commission management, enabling custodians, wallets and exchanges to streamline staking operations across providers. Kiln is also SOC2 Type 2 certified.
