Bloomberg is collaborating with Kaiko, a Paris-based digital asset market information supplier, to make Bloomberg’s licensed monetary information accessible instantly inside blockchain environments moderately than by means of conventional offchain databases.
The businesses said Thursday that the initiative is designed to handle the problem of inconsistent information throughout tokenized markets.
In lots of tokenized asset ecosystems, firms could depend on totally different variations of pricing information, safety identifiers or reference data, growing the danger of discrepancies and operational inefficiencies.
By enabling a standard, licensed information supply to be embedded onchain, the collaboration goals to make sure that market members reference the identical dataset, probably lowering reconciliation disputes and bettering information integrity.
The primary use case focuses on tokenized US Treasurys and repo markets working on the Canton Community, a permissioned blockchain community designed for institutional monetary purposes. Kaiko launched that information on-ramp service in August.
The mixing targets banks, asset managers and different regulated monetary establishments experimenting with blockchain-based variations of conventional monetary devices, moderately than retail crypto merchants.
Questions on information reliability and market dimension in tokenized real-world property (RWAs) have surfaced earlier than.
In Might, Cointelegraph interviewed Chris Yin, co-founder of RWA platform Plume, who stated that the tokenized asset market could also be considerably smaller than figures cited by some business aggregators. On the time, Yin stated the sector’s precise dimension was most likely nearer to half of what main information sources had been reporting.
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Why information integrity issues for tokenized markets
Kaiko CEO Ambre Soubiran stated institutional-grade information is important for well-functioning monetary markets, stating that the collaboration with Bloomberg “will lengthen the supply of market information utilized in conventional markets to now assist the following era of tokenized securities infrastructure.”
Kaiko expanded its footprint within the digital asset information sector with its 2024 acquisition of European crypto index supplier Vinter, strengthening its presence in regulated benchmark and index companies throughout Europe.
Dependable information has lengthy been a precedence within the digital asset business, the place market members have relied not solely on value feeds but additionally on chain analytics and sentiment indicators to enhance transparency.
In tokenized markets, significantly these linked to real-world property like Treasurys, constant pricing information and reference data assist be certain that onchain property precisely mirror the underlying monetary devices.
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