Reference Rates

commodities

Real-time commodity prices for oil and other major assets.

Built for commodity markets

Kaiko’s commodity Reference Rates deliver institutional-grade real-time prices for essential assets, including oil. Published continuously at 1-second intervals, they provide reliable price discovery, beyond the constraints of traditional commodity exchange hours.

These rates are replicable, transparent, and BMR-compliant, meeting the highest institutional requirements for product issuance. Delivered via oracle (24/7) or API (24/5), each rate is designed to support the growing commodity ecosystem with precision and trust.

Continuous 24/7 Price Discovery On-chain
Access real-time commodity prices published around the clock, ensuring uninterrupted coverage beyond traditional exchange sessions.
Oracle & API Delivery
Available through our blockchain oracle and institutional-grade APIs, enabling seamless integration into on-chain and off-chain products alike.
Trusted, Independent & BMR-Compliant
Kaiko is an independent BMR-registered benchmark administrator, ensuring each commodity rate meets the highest global compliance requirements for institutional product issuance.

24/7 tokenized commodities available on-chain

Delivering real-time on-chain commodity rates, and bringing institutional-grade data directly to decentralised networks, Kaiko offers around-the-clock pricing, overcoming the limitations presented by traditional markets. Built on the same oracle infrastructure that powers Kaiko’s digital asset rates across all leading blockchains, tokenized commodities are available on-chain with the reliability, transparency, and precision that institutions require.

Distributed via Kaiko’s purpose-built oracle infrastructure developed for regulated financial market participants, each rate is designed to be:

Outlier-resistant

Proprietary methodology filters erroneous price data before it reaches your venue, exchange, protocol, or smart contract.

Auditable By Design

Source attribution and calculation methodologies are fully transparent, easy-to-access, and verifiable on demand.

Independently Governed

Administered by Kaiko Indices, a regulated entity with clear legal accountability.

access real-time commodity prices via api

Available 24/5, Kaiko’s commodity rates integrate directly into your trading systems, risk models, or financial products via institutional-grade APIs. Published at 1-second intervals, each rate delivers reliable, low-latency price feeds with consistency and accuracy.

Historical rate access supports backtesting, model calibration, and audit requirements, giving your team the full data infrastructure needed to build and maintain robust commodity-linked products.

Featured Commodity Rates

Kaiko Oil Reference Rate

Kaiko OIL Reference Rate (KK_RFR_USOUSD) provides a USD-denominated commodity reference rate for the spot price of WTI Crude Oil. By combining real-time pricing from traditional commodity exchanges with tokenized commodity venues, this composite rate delivers continuous price discovery for one of the world’s most actively traded energy commodities.

FAQ

How do commodity Reference Rates differ from crypto price feeds?

Kaiko commodity Reference Rates are formally governed benchmarks designed for settlement, valuation, and institutional product issuance, whereas crypto price feeds are real-time data streams primarily used for market monitoring and trading. Commodity reference rates are produced under a defined, auditable methodology with independent governance and full BMR compliance, ensuring each rate meets regulatory requirements for use in derivatives contracts, structured products, and on-chain financial applications. Crypto price feeds, by contrast, aggregate raw trade and order book data across exchanges without the same governance framework. For institutions requiring a legally defensible, independently administered price reference for oil or other commodities, Kaiko commodity Reference Rates provide the compliance foundation that a standard price feed cannot.

How is the Kaiko commodity reference rate calculated?

Kaiko commodity reference rates are composite rates, aggregating real-time pricing data from multiple traditional venues and using proxies such as ETFs directly investing in commodities. Each rate is produced using a proprietary, outlier-resistant methodology that filters erroneous price data before publication. Full methodology documentation is publicly available and verifiable on demand, in line with Kaiko Indices’ commitment to transparency.

How does the rate perform outside of normal market hours?

Kaiko commodity reference rates are designed to remain reliable beyond traditional exchange sessions. The underlying methodology applies outlier-resistant filtering to remove erroneous or anomalous price data before it reaches the published rate. By aggregating pricing across multiple venues rather than relying on a single source, the rate maintains stability and continuity during market closures and periods of reduced liquidity, reducing settlement risk for derivatives and on-chain applications.

How can I access Kaiko’s commodity reference rates?

Kaiko commodity reference rates are available via two delivery methods. API access (available 24/5) enables direct integration into trading systems, risk models, and financial products. Oracle delivery (available 24/7) brings rates on-chain via the Kaiko Data On-Ramp, a purpose-built oracle infrastructure designed for regulated financial market participants. Historical rate data is also available to support backtesting, model calibration, and audit requirements.

How are Kaiko’s commodity rates delivered on-chain?

Kaiko on-chain commodity rates are delivered on-chain via the Kaiko Data On-Ramp, a purpose-built oracle infrastructure developed for regulated financial market participants. Available 24/7, the Kaiko Data On-Ramp publishes rates directly to smart contracts across all leading blockchain networks, enabling decentralised applications and on-chain financial products to settle against institutional-grade commodity prices around the clock. Each rate delivered on-chain benefits from the same outlier-resistant methodology and independent governance that underpins Kaiko’s broader benchmark infrastructure, ensuring reliability and continuity regardless of market conditions or time of day.