Kaiko, a fast‑growing provider of digital‑asset market data, announced today that it has successfully expanded its Series B financing round to a total of $110 million. The round, which originally targeted a smaller amount, now includes a notable new investor—global financial‑services powerhouse S&P Global—alongside an impressive roster of traditional banking institutions, exchange operators, and venture‑capital firms.
Among the most prominent participants are BNP Paribas, one of Europe’s largest banks, as well as other key players in the financial‑technology ecosystem. The infusion of capital marks a pivotal moment for Kaiko as it seeks to broaden its suite of services beyond the conventional snapshot and historical data products that have long been the backbone of the digital‑asset market‑data industry. The company’s strategic vision centers on delivering continuous, real‑time market data streams that can be seamlessly integrated into the workflows of institutional traders, asset managers, custodians, and other market participants who require high‑frequency, low‑latency information to make informed decisions in an increasingly complex and fast‑moving crypto landscape. "Our expanded Series B round is a testament to the growing confidence that the broader financial community has in Kaiko’s technology and its ability to set new standards for market‑data delivery," said Jan Van den Broek, CEO and co‑founder of Kaiko.
"The addition of S&P Global as a strategic investor not only brings capital but also deep expertise in data governance, analytics, and regulatory compliance—areas that are critical as the crypto market matures and as institutions demand more robust, reliable data solutions." S&P Global’s involvement signals a convergence of traditional financial data expertise with the burgeoning world of digital assets. As a leading provider of credit ratings, indices, and market intelligence, S&P Global has long been at the forefront of data quality and standardization in the conventional finance sector.
By joining forces with Kaiko, the firm aims to extend its data capabilities into the crypto domain, offering its existing client base—ranging from sovereign wealth funds to hedge funds—access to high‑quality, continuous market data for digital assets. BNP Paribas, another cornerstone of the financing round, highlighted the strategic importance of reliable crypto data for its own institutional clients.
"Our partnership with Kaiko aligns with our commitment to provide cutting‑edge solutions that meet the evolving needs of our clients," said a spokesperson for BNP Paribas. "The ability to access continuous, granular market data will empower asset managers and traders to execute strategies with greater confidence and precision." Beyond the headline investors, the round also attracted participation from several exchange operators, including representatives from major cryptocurrency exchanges that have a vested interest in improving data transparency and reliability across the ecosystem. These partners recognize that standardized, high‑frequency data feeds can reduce market fragmentation, enhance price discovery, and mitigate the risk of data‑related operational failures.
The $110 million raised will be allocated across multiple strategic initiatives. A primary focus will be the development and scaling of Kaiko’s continuous data infrastructure, which involves building out a globally distributed network of data collection nodes, enhancing data processing pipelines, and implementing advanced analytics tools that can handle the massive volume and velocity of crypto market events.
The company also plans to invest heavily in compliance and regulatory technology, ensuring that its data products meet the stringent requirements of jurisdictions that are increasingly scrutinizing digital‑asset activities. In addition to technology upgrades, Kaiko intends to expand its sales and support teams to better serve a growing international client base. The firm aims to deepen relationships with institutional investors, hedge funds, and custodial services that rely on real‑time data for risk management, algorithmic trading, and portfolio valuation. By offering a more comprehensive data suite—including order‑book depth, trade‑by‑trade feeds, and cross‑exchange arbitrage opportunities—Kaiko hopes to become the de‑facto standard for continuous crypto market data, much like Bloomberg or Refinitiv have done for traditional securities.
Industry analysts have praised the round as a clear indicator of the maturation of the crypto‑data market. "We are seeing a shift from ad‑hoc, point‑in‑time data solutions toward continuous, enterprise‑grade data services," noted a senior analyst at a leading research firm. "Kaiko’s ability to attract capital from both traditional finance and crypto‑specific investors underscores the growing demand for reliable, real‑time data as institutional participation in digital assets accelerates." The broader financial community has also taken note of the regulatory implications of continuous market data. Regulators in several jurisdictions have expressed concern over market manipulation, price‑spoofing, and the opacity of crypto trading venues.
By providing transparent, high‑frequency data feeds, Kaiko can assist regulators and compliance teams in monitoring market activity more effectively, thereby contributing to a healthier and more trustworthy market environment. Looking ahead, Kaiko’s leadership envisions a roadmap that includes the launch of new data products tailored to emerging asset classes such as decentralized finance (DeFi) tokens, non‑fungible tokens (NFTs), and layer‑2 scaling solutions.
The company is also exploring partnerships with cloud service providers to offer data-as-a‑service (DaaS) platforms that can be seamlessly integrated into existing enterprise data ecosystems. In summary, the expanded $110 million Series B round—bolstered by the strategic entry of S&P Global and the continued support of BNP Paribas, exchange operators, and other investors—positions Kaiko at the forefront of the next wave of market‑data innovation in the digital‑asset space. With a clear focus on continuous data delivery, regulatory compliance, and global scalability, Kaiko is poised to meet the evolving demands of institutional participants and to play a pivotal role in shaping the future of crypto market infrastructure.