Bloomberg, Kaiko Bring Licensed Data to Tokenized Markets

Bloomberg is partnering with Kaiko, a digital asset data provider, to embed Bloomberg's licensed financial data directly into blockchain environments, bypassing traditional offchain databases. This initiative aims to resolve data inconsistency issues prevalent in tokenized markets, where different participants often use varying pricing or reference data, leading to inefficiencies and disputes. By providing a common, licensed data source on-chain, the collaboration seeks to enhance data integrity and ensure market participants reference the same dataset. The initial focus is on tokenized US Treasurys and repo markets operating on the permissioned Canton Network. This integration targets regulated financial institutions experimenting with tokenized traditional instruments, rather than retail traders. Kaiko CEO Ambre Soubiran emphasized that institutional-grade data is crucial for tokenized securities infrastructure, noting that this collaboration extends traditional market data availability to this new generation of finance. The current tokenized Real-World Asset (RWA) market, excluding stablecoins, is estimated to be around $25 billion.

(Source：Cointelegraph)