Bloomberg and Kaiko to Bring Financial Data to Blockchain

Bloomberg and Kaiko collaborate to offer on-chain access to financial data.

Financial data provider Bloomberg and analytics platform Kaiko have announced a collaboration. The companies will offer institutional investors on-chain access to information from the Bloomberg Data License service.

The integration will be implemented through Kaiko’s infrastructure on the Canton Network blockchain. Initially, the partners will focus on tokenized U.S. Treasury bonds and repo operations.

The initiative aims to eliminate information fragmentation. Currently, discrepancies in sources and data transmission delays often lead to disputes among market participants and increased costs. A unified, verifiable ledger will allow counterparties to avoid errors and automate settlements.

For secure recording of off-chain data on the blockchain, the partners will employ Kaiko’s gateway with strict access control. Only holders of the appropriate licenses will receive Bloomberg’s information. Meanwhile, the companies will maintain copyright protection and audit capabilities.

“Institutional clients expect familiar Bloomberg tools to be available on the blockchain. We are responding to user needs by bringing our services to new environments,” noted 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 foundation 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.

Back in January, Polymarket became the exclusive data provider for The Wall Street Journal.