New York, NY – September 10th, 2025
Kaiko, the global independent leader in digital asset market data, analytics, indices, and pricing data, today announced the successful launch of its second data application on the Canton Network: Data Off-Ramp.
The newly launched service is now fully operational, enabling Canton participants and data producers to integrate their data into off-network systems and applications. The first use case enables distribution of aggregated market data from Broadridge’s $5.9 trillion Distributed Ledger Repo (DLR) platform to subscribers through Kaiko’s enterprise data infrastructure, marking a significant advancement in bridging on-chain and off-chain data ecosystems.
The first consumer of the data is RWA.xyz, the leading real world digital asset terminal data visualization solution, making a publicly available dashboard illustrating aggregated metrics from Broadridge’s DLR platform available at https://app.rwa.xyz/broadridge-dlr
Unlocking Institutional Repo Market Data
Broadridge’s DLR platform processes over $280 billion in daily repo transactions, representing the world’s largest institutional platform for settling tokenized real assets. The platform has experienced remarkable growth, with monthly volumes reaching $5.9 trillion, up from $4 trillion earlier this year, underscoring significant market adoption and the transformative potential of blockchain technology in capital markets.
Kaiko’s data application now makes aggregated metrics from this massive repo market accessible to institutional subscribers including RWA.xyz and other platforms through Kaiko’s enterprise APIs. The distributed data includes daily and historical repo par value, repo turnover, and repo trade count, providing critical insights into this vital segment of fixed income markets.
“Delivering this second data application represents another important milestone in our Canton Network roadmap,” said Ambre Soubiran, CEO of Kaiko. “By connecting Broadridge’s repo data to subscribers like RWA.xyz, we’re demonstrating the practical value of creating bridges between on-chain and off-chain data ecosystems while enabling institutions to access blockchain-native financial data through familiar enterprise channels.”
Enterprise-Grade Data Off-Ramp Infrastructure
The application leverages Kaiko’s enterprise “Data Off-Ramp” offering, which ensures that all data processing meets institutional standards for compliance, security, and auditability. This infrastructure addresses critical requirements for institutional adoption of on-chain financial data:
- IP Protection: Data integrity and intellectual property rights are maintained through dedicated audit access and controlled processing
- Data Segregation: Broadridge data operates in a dedicated, technically segregated infrastructure protected against unauthorized access
- Compliance Standards: All data processing is conducted under SOC 2 Type II standards with independent audits
- Access Control: Carefully managed access with dedicated API keys and licensing verification
- On-Chain Revenue: Subscriptions and payments handled directly on Canton Network, enabling transparent revenue distribution
This framework provides the compliance and governance assurances required for institutional adoption of on-chain financial data while demonstrating how traditional data providers can participate in blockchain ecosystems without compromising their business models.
Building Comprehensive Data Infrastructure
Kaiko’s Data Off Ramp’s application works in conjunction with Kaiko’s previously launched “write” service to create a comprehensive data infrastructure on Canton Network. Together, these applications enable:
- Institutional data consumption from Canton Network through enterprise-grade channels
- High-quality data publishing to Canton Network from traditional markets
- Bidirectional data flow between on-chain and off-chain ecosystems
- Scalable infrastructure for additional data providers and use cases
The application includes comprehensive documentation and technical specifications, enabling other market participants to understand how Canton Network data can be integrated with existing financial infrastructure.
Market Impact and Future Development
The success of both Broadridge’s DLR platform and Kaiko’s data applications shows how blockchain technology can enhance rather than replace traditional financial infrastructure. As the repo market represents a critical component of global financial plumbing, making this data accessible through blockchain infrastructure demonstrates the practical utility of Canton Network for institutional participants.
“As firms continue to embrace technology to drive digital transformation, we’ve innovated alongside our clients to scale DLR into the premier platform for tokenized real assets,” said Horacio Barakat, Head of Digital Innovation at Broadridge. “Our collaboration with Kaiko will help further empower market participants in their evaluation of tokenized securities with the same confidence and rigor as they do traditional assets.”
This release demonstrates the company’s ongoing dedication to building essential data infrastructure for the Canton Network ecosystem. Additional data applications and integrations are planned for deployment throughout 2025 as Kaiko continues to expand its comprehensive data layer on Canton.
The application establishes a blueprint for other institutional data providers looking to participate in blockchain ecosystems while maintaining the compliance and control standards required for regulated markets.
About Kaiko:
Kaiko is the global independent leader in digital asset market data, analytics, indices, and pricing for institutional investors, financial services firms, and regulators. Kaiko provides the foundational data infrastructure that bridges traditional finance and on-chain capital markets through regulatory-compliant and auditable data. For over 10 years, Kaiko has delivered the trusted, transparent, and actionable financial data that institutions need to navigate both centralized and decentralized digital asset markets.
About Broadridge:
Broadridge Financial Solutions (NYSE: BR) is a global technology leader with the trusted expertise and transformative technology to help clients and the financial services industry operate, innovate, and grow. Broadridge powers investing, governance, and communications for clients, driving operational resiliency, elevating business performance, and transforming investor experiences. The company’s technology and operations platforms process and generate over 7 billion communications per year and underpin the daily trading of more than $10 trillion of securities globally.
About The Canton Network:
The Canton Network is the only public, permissionless blockchain purpose-built for institutional finance—uniquely combining privacy, compliance, and scalability. Governed by the Canton Foundation with participation from leading global financial institutions, Canton enables real-time, secure synchronization and settlement across multiple asset classes on a shared, interoperable infrastructure. Originally developed by Digital Asset and now open-sourced, the network is powered by its native token, Canton Coin, and supports decentralized governance and collaborative application development.
