BlockFi will power its product suite with the most accurate and trusted cryptocurrency price indexes available today

LONDON and JERSEY CITY, N.J.— August 27, 2020BlockFi, a financial services company focused on building products for cryptocurrencies, is announcing a first-of-its kind partnership with the world's leading provider of cryptocurrency benchmark indexes CF Benchmarks. The collaboration will see CF Benchmarks provide independent pricing and valuation for client’s crypto deposits and loan collateral with BlockFi.

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 investment strategies and decisions no matter what time of day it is,” said 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,” said 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.”

To learn more, please visit: www.cfbenchmarks.com/indices/BRTI

About BlockFi
BlockFi is a financial services company focused on building products for crypto. The company services clients in over 100 countries, and in all 50 U.S. states. BlockFi’s offerings include interest-earning accounts, low-cost USD loans secured by crypto and zero-fee trading. BlockFi is backed by leading institutional investors and operates with a focus on compliance with U.S. laws and regulations. Learn more at BlockFi.com.

BlockFi does not custody assets and uses Gemini as its primary custodian. Digital currency is not legal tender, is not backed by the government and interest accounts are not subject to FDIC or SIPC protections.

About CF Benchmarks
CF Benchmarks is the leading provider of cryptocurrency benchmark indexes, authorised and regulated by the UK FCA under EU BMR. Its benchmark indexes are provided through public methodologies and transparent governance for tracking, valuing and settling risk in cryptocurrency financial services and products. CF Benchmarks’ indexes have been used to settle over $200bn of cryptocurrency derivative contracts listed for trading by CME Group and Kraken Futures. They are also used by Wisdom Tree as the Indicative NAV for its Switzerland-listed Bitcoin ETP.

CF Benchmarks is a member of the same group of companies as the owner and operator of Kraken, a venue that facilitates the trading of cryptocurrencies. The Kraken exchange is a source of input data for CF Benchmarks indexes.

Contact
Alexi Foster
Diffusion PR for BlockFi
blockfi@diffusionpr.com

Alex Rapoport
press@kraken.com