Bloomberg and Kaiko to Build RWA Data Infrastructure
What happened
Bloomberg and crypto data provider Kaiko have announced a partnership to develop on-chain data infrastructure for tokenized markets. The collaboration aims to provide institutional-grade, verifiable pricing and asset data for real-world assets (RWAs). This addresses a critical need for reliable data feeds for risk management, compliance, and automated settlement in the growing RWA sector.
Why it matters
This partnership aims to solve a core problem in tokenized markets: data inconsistency. Currently, different firms may use slightly different pricing feeds or reference data, leading to reconciliation issues and operational friction. By embedding a single, licensed data source directly on-chain, all parties can reference a unified dataset. The initial focus is on tokenized U.S. Treasuries and repo markets operating on the Canton Network. The Canton Network is a permissioned blockchain built specifically for institutional finance, with Kaiko having launched its data on-ramp service for the network back in August. This initiative targets banks and asset managers, not retail traders. Kaiko's role is to provide the infrastructure that securely writes Bloomberg's off-chain data onto the blockchain. This "data on-ramp" service includes entitlement controls, ensuring only licensed participants can access the premium Bloomberg data, which mirrors traditional financial data licensing frameworks. The market for tokenized real-world assets is substantial and projected to grow significantly. While current estimates of the RWA market size vary, with some placing it around $20-$25 billion (excluding stablecoins), forecasts from firms like Ark Invest project it could reach $11 trillion by 2030. This growth underscores the need for institutional-grade infrastructure. This collaboration is part of a larger trend of major financial data providers extending their services into blockchain environments. For Bloomberg, it's a move to meet institutional clients in the new environments where they are beginning to operate. For the RWA sector, it represents a critical step towards maturing the market's infrastructure to support institutional-scale adoption.
Key numbers
- While current estimates of the RWA market size vary, with some placing it around $20-$25 billion (excluding stablecoins), forecasts from firms like Ark Invest project it could reach $11 trillion by 2030.
What happens next
- This partnership aims to solve a core problem in tokenized markets: data inconsistency.
- Currently, different firms may use slightly different pricing feeds or reference data, leading to reconciliation issues and operational friction.
- This initiative targets banks and asset managers, not retail traders.
Quick answers
What happened in Bloomberg and Kaiko to Build RWA Data Infrastructure?
Bloomberg and crypto data provider Kaiko have announced a partnership to develop on-chain data infrastructure for tokenized markets. The collaboration aims to provide institutional-grade, verifiable pricing and asset data for real-world assets (RWAs). This addresses a critical need for reliable data feeds for risk management, compliance, and automated settlement in the growing RWA sector.
Why does Bloomberg and Kaiko to Build RWA Data Infrastructure matter?
This partnership aims to solve a core problem in tokenized markets: data inconsistency. Currently, different firms may use slightly different pricing feeds or reference data, leading to reconciliation issues and operational friction. By embedding a single, licensed data source directly on-chain, all parties can reference a unified dataset. The initial focus is on tokenized U.S. Treasuries and repo markets operating on the Canton Network. The Canton Network is a permissioned blockchain built specifically for institutional finance, with Kaiko having launched its data on-ramp service for the network back in August. This initiative targets banks and asset managers, not retail traders. Kaiko's role is to provide the infrastructure that securely writes Bloomberg's off-chain data onto the blockchain. This "data on-ramp" service includes entitlement controls, ensuring only licensed participants can access the premium Bloomberg data, which mirrors traditional financial data licensing frameworks. The market for tokenized real-world assets is substantial and projected to grow significantly. While current estimates of the RWA market size vary, with some placing it around $20-$25 billion (excluding stablecoins), forecasts from firms like Ark Invest project it could reach $11 trillion by 2030. This growth underscores the need for institutional-grade infrastructure. This collaboration is part of a larger trend of major financial data providers extending their services into blockchain environments. For Bloomberg, it's a move to meet institutional clients in the new environments where they are beginning to operate. For the RWA sector, it represents a critical step towards maturing the market's infrastructure to support institutional-scale adoption.
