Quatrefoil Data Services, a firm on a mission to provide grade-institutional benchmarks for digital assets, starting at a reference rate for Ethereum staking, will roll out operations, the company said on Monday
Its flagship product, the composite ether staking rate (CESR), proposals yield from Ethereum validators and designed to work as the crypto equivalent of a “rate of no risk.”
The CESR was created by the Coinfund firm and has already been distributed by CoinDesk indices. Assets and protocol managers including Coinbase and Falconx are hoping here to design products and manage the risk.
Benchmarks are a key feature of traditional markets, which supports everything from futures to insurance. Without reliable criteria, the crypto industry struggles to create regulated financial products.
Quatrefoil aims to fill that space. The company also gained a US patent for the benchmark procedure and formed new indices for Solana, Avalanche, Liquid staking token, and stablecoin lending.
To strengthen its policy expertise, Quatrefoil brought to former CFTC chair J. Christopher Giancarlo as a counselor. Giancarlo, known for his push to modify the regulation of US derivatives, said the firm said it was properly positioned to deliver the “high impact” benchmarks to handle the next generation of crypto -related financial products.
CEO Finbarr Hutcheson, a former Executive of Goldman Sachs and ex-CEO of Ice Clear Europe, said benchmarks will help bring transparency and scalability to digital assets. Christopher Perkins of the Coinfund, who helped the CESR design, added that such a standard could support trillion dollars in products as the institutional adoption deepened.
