Bloomberg and Kaiko to Work for On-Chain Access to Data Licences

Bloomberg and Kaiko have unveiled a collaboration to develop a pathway for the former’s data licence offerings to be accessed on-chain via Kaiko’s infrastructure – initially targeting US Treasuries and repo workflows on the Canton Network.

The firms say the collaboration aims to address a persistent challenge in existing workflows, namely how disputes arise from inconsistent data sources, timing mismatches, and fragmented pipelines, creating operational friction and increasing reconciliation costs. By using tokenised workflows with Bloomberg data available on-chain, they say counterparties will be able to reference a single, verifiable source, eliminating ambiguity and enabling automation.

The collaboration will utilise Kaiko’s data on-ramp service, launched on the Canton Network in August 2025, to securely write off-chain market data on-chain while maintaining IP ownership, licensing compliance, and auditability. Entitlement controls are designed to ensure only licensed participants can access Bloomberg data, consistent with traditional data licensing frameworks.

“Institutional clients increasingly expect the same Bloomberg data they utilise in traditional markets to be available on-chain,” says Emilie Gallagher, global head of commodities and FX at Bloomberg. “This collaboration reflects our commitment to meeting clients where they operate, as we work towards extending our Data License offerings into new environments while maintaining the same standards of quality, governance, and entitlement.”

Through Kaiko’s secure data on-ramp infrastructure, Bloomberg Data License offerings, including security master data and evaluated pricing, will be accessible on-chain by entitled participants. This will allow counterparties to reference a single, verifiable source, reducing reconciliation risk and supporting more on-chain workflows as markets evolve and clients adapt to new technologies.

While the initial phase focuses on supporting tokenised US Treasuries and repo workflows, the firms say the initiative is designed to expand to additional asset classes, use cases and communities based on client demand and market evolution.

“Bringing institutional-grade valuation data on-chain represents a fundamental shift in how financial markets operate,” says Ambre Soubiran, CEO of Kaiko. “Collaborating with Bloomberg will extend the availability of market data used in traditional markets to now support the next generation of tokenized securities infrastructure. This is about access to world-class data to build the foundation for scalable on-chain capital markets.”