Bloomberg and digital asset data provider Kaiko have agreed to develop on-chain access to Bloomberg’s market data feeds, starting with tokenized U.S. Treasuries and repo workflows on the Canton Network, a permissioned blockchain used for institutional finance.
From fragmented data flows to a shared on-chain source
The project is intended to move security master data and evaluated pricing directly onto Canton so that firms involved in tokenized Treasury and repo trades can consult a single, agreed source of reference data inside smart contract workflows.
The companies say this is aimed at reducing disputes caused by inconsistent price sources, timing differences, and fragmented internal data pipes, all of which can drive up reconciliation and operational costs.
The integration will use Kaiko’s existing “data on-ramp” on Canton to securely bring market data from traditional systems onto the network and apply entitlement controls so that only appropriately licensed Bloomberg clients can access the feeds on-chain.
Once connected, entitled participants will be able to access Bloomberg’s Data, including security identifiers and evaluated pricing, natively on-chain. That data can then be used in tokenized collateral management, margin workflows, and repo trading, allowing smart contracts to trigger actions using one shared dataset instead of separate connections between firms.
Treasury and repo launchpad for further expansion
The partners will initially focus on tokenized U.S. government securities and related financing activity, with the architecture designed to scale to additional asset classes, use cases, and user communities as tokenized markets mature and client demand develops.
Bloomberg, which already supplies reference data to institutions for risk management, valuation, and regulatory reporting in traditional markets, is positioning the move as part of a wider effort to serve clients across both legacy and emerging financial infrastructures while keeping existing standards for governance, compliance, and infrastructure neutrality.
Kaiko’s chief executive, Ambre Soubiran, said that bringing institutional-grade valuation data on-chain is a step toward scalable tokenized capital markets, where automation and institutional participation depend on access to trusted, high-quality datasets embedded directly in blockchain-based workflows.
