Financial data provider Bloomberg and analytics platform Kaiko have announced a collaboration. The companies will provide institutional investors with on-chain access to information from Bloomberg's Data License service.
The integration will be implemented through Kaiko's infrastructure on the Canton Network blockchain. In the initial phase, the partners will focus on tokenized U.S. Treasury bonds and repo transactions.
The initiative aims to eliminate information fragmentation. Currently, discrepancies in sources and delays in data transmission often lead to disputes among market participants and increased costs. A unified, verifiable registry will help counterparties avoid errors and automate settlements.
To securely record off-chain data on the blockchain, the partners will use Kaiko's gateway with strict access controls. Bloomberg's information will only be accessible to those holding the appropriate licenses. The companies will also maintain copyright protection and audit capabilities.
“Institutional clients expect familiar Bloomberg tools to be available on the blockchain. We are responding to users by moving our services into new environments,” said Emily Gallagher, head of commodities at Bloomberg.
Kaiko CEO Ambre Soubiran added that integrating traditional market data into the infrastructure of tokenized securities will lay the groundwork for scaling on-chain capital markets.
In the future, the companies plan to expand the system's use cases and add support for other asset classes.
Recall that in January, Polymarket became the exclusive data provider for The Wall Street Journal.