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Bloomberg and Kaiko will transfer financial data to the blockchain - ForkLog: cryptocurrencies, AI, singularity, the future
Bloomberg, a financial data provider, and the analytics platform Kaiko announced a partnership. The companies will provide institutional investors with 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. In the first phase, the partners will focus on tokenized U.S. Treasury bonds and repo transactions.
The goal of the initiative is 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 calculations.
To securely record off-chain data on the blockchain, the partners will use the Kaiko gateway with strict access control. Bloomberg will only provide information to license holders. At the same time, the companies will maintain copyright protection and audit capabilities.
Kaiko CEO Ambre Subiran added that integrating traditional market data into the tokenized securities infrastructure will lay the foundation for scaling on-chain capital markets.
In the future, the companies plan to expand system use cases and add support for other asset classes.
Recall that in January, Polymarket became the exclusive data provider for The Wall Street Journal.