Bloomberg is partnering with Paris-based digital asset market data provider Kaiko to make Bloomberg’s licensed financial data available directly within blockchain environments instead of only through traditional offchain databases. The initiative, announced Thursday, aims to tackle inconsistent data across tokenized markets by enabling a common, licensed data source to be embedded onchain.
Differences in pricing data, security identifiers and reference information across tokenized ecosystems have created risks of discrepancies and operational friction. By providing a shared dataset onchain, the collaboration seeks to ensure market participants reference the same information, reducing reconciliation disputes and improving data integrity.
The first use case will target tokenized U.S. Treasurys and repo markets on the Canton Network, a permissioned blockchain built for institutional financial applications. Kaiko launched its data on‑ramp service in August. The integration is aimed at banks, asset managers and other regulated institutions experimenting with blockchain-based versions of traditional instruments, rather than retail crypto traders.
Concerns about data reliability and the size of tokenized real‑world asset (RWA) markets have surfaced previously. In May, Cointelegraph quoted Plume co‑founder Chris Yin saying the tokenized asset market could be materially smaller than some industry aggregators report, possibly closer to half the commonly cited figures. At least one estimate places the tokenized RWA market excluding stablecoins at roughly $25 billion (source: RWA.xyz).
Why data integrity matters for tokenized markets
Kaiko CEO Ambre Soubiran said institutional‑grade data is essential for well‑functioning financial markets and that the Bloomberg collaboration “will extend the availability of market data used in traditional markets to now support the next generation of tokenized securities infrastructure.” Kaiko has expanded its digital asset data footprint, including the 2024 acquisition of European crypto index provider Vinter, bolstering its regulated benchmark and index services in Europe.
Reliable data has long been a priority in digital assets, where participants use price feeds, onchain analytics and sentiment indicators to improve transparency. For tokenized instruments tied to real‑world assets like Treasurys, consistent pricing and reference information are critical to ensuring onchain representations accurately mirror underlying securities.
Cointelegraph is committed to independent, transparent journalism. This article follows Cointelegraph’s Editorial Policy; readers are encouraged to verify information independently. Read the Editorial Policy at https://cointelegraph.com/editorial-policy
