Financial data access is now being extended by Bloomberg to the $25 billion tokenized markets through a collaboration with Kaiko. Bloomberg is partnering with Kaiko, a digital asset market data provider based in Paris, to integrate Bloomberg’s licensed financial data directly into blockchain environments, moving away from traditional offchain databases.
Announced on Thursday, the initiative addresses inconsistencies in data across tokenized markets. Currently, many tokenized asset ecosystems rely on varying versions of pricing data, security identifiers, and reference information. This creates discrepancies and operational inefficiencies. By embedding a common, licensed data source onchain, the collaboration ensures market participants reference the same dataset, reducing disputes and improving data integrity.
The initial focus is on tokenized US Treasurys and repo markets operating on the Canton Network, a permissioned blockchain designed for institutional financial applications. Kaiko launched its data on-ramp service for this network in August. This integration targets banks, asset managers, and other regulated financial institutions exploring blockchain-based versions of traditional financial instruments, rather than retail crypto traders.
Why Data Integrity Matters
Concerns about data reliability and related Crypto news market size within tokenized real-world assets (RWAs) have previously surfaced. Some industry experts believe the tokenized asset market is smaller than reported figures. Accurate financial data access is crucial for the growth and stability of this evolving sector.
“Institutional-grade data is essential for well-functioning financial markets,”
Bloomberg Expands to Tokenized Markets
Kaiko CEO Ambre Soubiran stated that the collaboration with Bloomberg “will extend the availability of market data used in traditional markets to now support the next generation of tokenized securities infrastructure.” Kaiko previously expanded its digital asset data footprint with the acquisition of European crypto index provider Vinter in 2024.
Ensuring Reliable Onchain Data
Reliable data has long been a priority in the digital asset industry, with market participants relying on price feeds, onchain analytics, and sentiment indicators to enhance transparency. In tokenized markets, especially those linked to real-world assets like Treasurys, consistent pricing data and reference information ensures onchain assets accurately reflect the underlying financial instruments. The expansion of financial data access to these markets is a significant step.
Ultimately, the collaboration between Bloomberg and Kaiko to extend financial data access to tokenized markets addresses a critical need for data integrity and consistency. By providing a reliable, onchain data source, the initiative aims to foster greater trust and efficiency within the burgeoning tokenized asset ecosystem, paving the way for broader institutional adoption.
