In a landmark move for institutional finance, Bloomberg has announced a strategic partnership with blockchain data provider Kaiko to deliver its licensed financial data directly on-chain. This development is poised to fundamentally reshape the infrastructure of tokenized markets by addressing critical operational inefficiencies.
The collaboration, first reported by Cointelegraph, aims to solve the problem of fragmented data in the burgeoning ecosystem of tokenized assets like U.S. Treasurys and repurchase agreements (repos). Currently, crucial data elements—such as price feeds, security identifiers (like ISINs and CUSIPs), and reference data for corporate actions—exist in siloed, off-chain databases. This fragmentation leads to operational risk, settlement failures, valuation disputes, and costly manual reconciliation.
By embedding Bloomberg's authoritative, institutionally-trusted data directly into smart contracts via blockchain oracle networks, the partnership ensures all transaction participants operate from an identical, immutable dataset. This eliminates disputes and automates compliance, providing the "plumbing" necessary for complex institutional products to scale.
The first use case will center on tokenized U.S. Treasurys and repo markets operating on the Canton Network, a permissioned blockchain for institutional applications. Kaiko launched its data on-ramp service for Canton in August 2025. The initiative is targeted at regulated institutions like banks and asset managers, not retail crypto users, as they require audit-grade data lineage comparable to traditional fixed-income infrastructure.
Industry analysts view this as a pivotal catalyst for market maturity. "Data integrity is the bedrock of any mature financial market," explained a fintech research director. The move follows a broader trend of traditional financial data giants like S&P Global and Moody's exploring blockchain integrations, signaling a convergence of legacy systems and distributed ledger technology.
While the tokenized real-world asset (RWA) market is estimated at around $25 billion (excluding stablecoins), its growth is contingent on credible infrastructure. The partnership directly tackles the structural gap of data integrity, which is seen as a prerequisite for broader institutional adoption. Kaiko CEO Ambre Soubiran stated the collaboration "will extend the availability of market data used in traditional markets to now support the next generation of tokenized securities infrastructure."
Looking ahead, this infrastructure could support more complex products like tokenized equities, derivatives, and funds, establishing a blueprint for integrating other proprietary data sets such as credit ratings and ESG scores into the decentralized economy.
