Key Highlights
- Bloomberg has joined forces with digital asset data provider Kaiko to supply institutional-quality financial information directly on blockchain networks
- The partnership’s primary emphasis targets tokenized US Treasury securities and repurchase agreement markets on Canton Network
- This alliance tackles fundamental data consistency issues that have hindered tokenized asset market development
- The platform exclusively targets institutional market participants such as banks and investment firms, excluding retail crypto traders
- The tokenized real-world asset market currently stands at roughly $25 billion in value when stablecoins are not included
Financial information powerhouse Bloomberg has forged a collaborative partnership with Kaiko, a Paris-headquartered digital asset data provider, to distribute licensed market data directly through blockchain networks. The companies revealed this strategic alliance on Thursday.
This new venture aims to provide essential market intelligence—encompassing price feeds, security identification codes, and benchmark data—straight into blockchain environments. Historically, such information has been maintained solely through traditional, centralized database architectures.
The partnership directly confronts a longstanding obstacle within tokenized financial ecosystems. Different organizations often work with inconsistent versions of the same underlying data, creating situations where competing institutions may assign divergent valuations to identical Treasury securities.
Such inconsistencies create significant reconciliation burdens and amplify operational risk profiles. Through establishing a standardized, licensed data infrastructure on-chain, both firms intend to guarantee uniform information access across all participants.
The first phase targets tokenized United States Treasury securities and repo markets. These financial products operate on Canton Network, a permissioned blockchain platform engineered specifically for institutional finance applications.
Kaiko launched its blockchain data integration capabilities for Canton Network in August of the previous year. The new Bloomberg collaboration marks a major enhancement of that existing infrastructure.
The solution exclusively caters to banking institutions, professional asset management firms, and other licensed financial services organizations. Individual cryptocurrency investors are not the target demographic.
Data Quality Challenges Have Long Plagued the Sector
Questions surrounding information accuracy within tokenized real-world asset ecosystems have persisted for an extended period. In May of last year, Chris Yin, co-founder of RWA infrastructure platform Plume, argued the market’s true dimensions might be considerably smaller than widely circulated estimates suggested.
Yin’s analysis positioned the authentic market capitalization at roughly 50% of the numbers published by leading data aggregation services at that time. Current assessments place the tokenized RWA industry at approximately $25 billion excluding stablecoins, according to figures from RWA.xyz.
Kaiko’s CEO Ambre Soubiran stressed that institutional-grade data systems constitute a foundational requirement for healthy market operations. She highlighted that the Bloomberg partnership extends proven market data frameworks to accommodate blockchain-based financial instruments.
Kaiko’s Growing Influence in Cryptocurrency Data Infrastructure
Kaiko has methodically broadened its digital asset data service portfolio. During 2024, the firm finalized its acquisition of Vinter, a European cryptocurrency index provider.
That acquisition strengthened Kaiko’s position in regulated benchmark and index services across European jurisdictions. The Bloomberg partnership signifies yet another strategic milestone in that expansion trajectory.
For tokenized markets, standardized pricing feeds serve an indispensable operational purpose. Numerous tokenized products represent physical financial assets like government bonds, making precise data crucial for confirming that on-chain tokens accurately mirror their real-world counterparts.
Canton Network, which hosts this data distribution service, was deliberately designed for institutional financial applications. Operating as a permissioned system, participation requires authorization rather than being open to the general public.
This collaboration reflects wider industry movements as conventional financial data suppliers work to integrate themselves into blockchain-native ecosystems. Bloomberg’s proprietary datasets command extensive utilization across international financial markets.
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