**[Bloomberg Integrates Licensed Financial Data into Blockchain via Kaiko, Covering a Tokenized Market of Approximately $25 Billion]** According to Golden Finance, Bloomberg has partnered with Kaiko to directly embed its licensed financial data into blockchain environments, rather than relying on traditional off-chain databases. This initiative aims to address issues of inconsistent pricing data, security identifiers, and reference information in the tokenized market, reduce reconciliation disputes and operational friction, and enhance data integrity. The first application scenario focuses on tokenized U.S. Treasury bonds and the repo market operating on the Canton Network, primarily targeting banks, asset management firms, and other regulated financial institutions. Currently, excluding stablecoins, the tokenized real-world assets (RWA) market is valued at approximately $25 billion. Previously, Plume co-founder Chris Yin stated that the actual size of this market might only be about half of some mainstream statistical estimates.