Bloomberg is collaborating with Kaiko to expand financial data into the tokenized market

Deep Tide TechFlow News, on February 27, according to Cointelegraph, Bloomberg is collaborating with Paris-based digital asset market data provider Kaiko to embed Bloomberg’s licensed financial data directly into the blockchain environment, rather than accessing it through traditional off-chain databases. The partnership aims to address data inconsistency challenges in the tokenized markets.

The first application focuses on tokenized U.S. Treasuries and repurchase markets running on Canton Network, a permissioned blockchain network designed for institutional financial applications. Kaiko launched this data access service in August. This integration is mainly targeted at banks, asset managers, and other regulated financial institutions experimenting with blockchain versions of traditional financial instruments.

It is estimated that the current market size of tokenized real-world assets (RWA), excluding stablecoins, is about $25 billion. Kaiko CEO Ambre Soubiran stated that institutional-grade data is crucial for the proper functioning of financial markets, and this collaboration will “extend the market data used in traditional markets to support next-generation tokenized securities infrastructure.”