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.
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.
