Accurate and reliable data is essential in tokenized markets, where investors and institutions increasingly demand greater transparency and precision. To answer this, Bloomberg and Kaiko have teamed up to make Bloomberg's Data License products accessible directly on-chain via Kaiko's technical platform.
In brief
- Bloomberg and Kaiko enable the direct use of institutional market data on blockchain networks, bringing information from traditional finance closer to tokenized markets.
- The project is initially focused on tokenized US Treasuries and repurchase agreements on the Canton Network, with plans to expand into other asset classes.
- This integration aims to encourage automation, reduce manual processing and strengthen the operational reliability of tokenized financial flows.
Addressing structural gaps in tokenized markets
In their official announcement, the two companies indicated that they wanted to address the structural weaknesses that persist in tokenized markets.
Many of today's operational challenges stem from inconsistent data sources, delayed synchronizations, and fragmented processing frameworks. These limits complicate transactions, increase reconciliation costs and create avoidable uncertainty. By integrating Bloomberg data directly into tokenized on-chain workflows, the initiative aims to provide market participants with a single, authoritative reference source.
With a unified, verifiable data point, institutions can streamline settlement processes and reduce disputes related to discordant data flows. The integration is also expected to drive a higher level of automation in digital transactions, limiting manual intervention and improving operational reliability in tokenized finance.
A first phase focused on Treasury bills and repo markets
The first phase of the project will focus on tokenized US Treasuries and repurchase agreements (repo) on the Canton Network, a blockchain designed for institutional finance, with an emphasis on privacy and interoperability. While the initial deployment targets these fixed income products, the framework is designed to evolve. As market demand grows and customer needs evolve, it could be extended to other asset classesnew use cases and broader market segments.
Ambre Soubiran, CEO of Kaiko, presented the integration of institutional quality data directly on-chain as a major development for financial markets. She specifies that “ collaborating with Bloomberg will expand the availability of market data used in traditional finance to support the next generation of infrastructure for tokenized securities “.
Towards reliable data infrastructures for tokenization
This initiative is part of Kaiko's broader strategy in regulated digital asset data services. In 2024, the company acquired Vinter, strengthening its capabilities in benchmark and index solutions in Europe. This acquisition solidifies Kaiko's position as a regulated data provider, an increasingly strategic segment as digital assets converge with traditional finance.
According to data from RWA.xyz, the market for tokenized real-world assets, excluding stablecoins, is around $25 billion. As this segment grows, initiatives that anchor tokenized products to reliable and verifiable data sources are expected to play a key role in the evolution of on-chain capital markets.
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