Kaiko, a fast‑growing provider of digital‑asset market data, has announced that its Series B financing round has been expanded to a total of $110 million. The round, which originally targeted a smaller amount, now includes a notable new investor – S&P Global – alongside a roster of established financial institutions such as BNP Paribas, other traditional banks, and several leading exchange operators. This infusion of capital is intended to accelerate Kaiko’s strategic shift toward offering continuous, real‑time market‑data services for the burgeoning cryptocurrency and broader digital‑asset ecosystem.
The participation of S&P Global marks a significant endorsement from a company that is widely recognized for its credit ratings, analytics, and data solutions across the global financial markets. By joining forces with Kaiko, S&P Global signals its confidence in the long‑term relevance of high‑quality, on‑demand data for digital assets, and its willingness to integrate such data into its own suite of analytical tools.
This partnership is expected to foster deeper collaboration on data standards, transparency, and the development of new products that blend traditional finance metrics with crypto‑specific insights. BNP Paribas, one of Europe’s largest banks, also reaffirmed its commitment to the digital‑asset space by contributing to the round. The bank’s involvement reflects a broader trend among legacy financial institutions that are increasingly allocating resources to blockchain‑related ventures.
For BNP Paribas, the investment provides a direct line to Kaiko’s extensive data infrastructure, which can be leveraged to enhance the bank’s own risk‑management frameworks, compliance monitoring, and client‑facing analytics for crypto‑related portfolios. In addition to these two headline investors, the round attracted participation from a collection of exchange operators and other traditional banking entities that have already been working closely with Kaiko. These partners have been using Kaiko’s data feeds to power trading platforms, regulatory reporting tools, and market‑surveillance systems.
Their continued support underscores the critical role that accurate, timely, and comprehensive market data plays in ensuring the stability and integrity of digital‑asset markets. Kaiko’s core offering revolves around aggregating, normalising, and delivering high‑frequency market data from a multitude of cryptocurrency exchanges worldwide. The company’s platform captures trade‑level information, order‑book snapshots, and derived metrics such as volume‑weighted average price (VWAP), market depth, and liquidity indicators. By providing this data through APIs and bulk‑download services, Kaiko enables institutional investors, hedge funds, fintech startups, and academic researchers to build sophisticated trading algorithms, conduct rigorous back‑testing, and satisfy regulatory reporting obligations.
The newly secured funding will be deployed across several key initiatives. First, Kaiko plans to expand its data‑collection infrastructure to cover a broader array of exchanges, including emerging regional platforms that have previously been under‑represented in mainstream data sets. This expansion will improve coverage of altcoins and niche tokens, offering a more complete picture of market dynamics. Second, the company intends to enhance its real‑time data delivery capabilities, reducing latency and increasing the granularity of its feeds to meet the exacting demands of high‑frequency trading (HFT) firms and market‑making operations.
Another strategic focus will be the development of advanced analytics and value‑added services. Leveraging the expertise of S&P Global, Kaiko aims to integrate traditional financial metrics—such as credit risk scores, macro‑economic indicators, and sector‑level analyses—with crypto‑specific data. This hybrid approach could give institutional clients a more holistic view of risk and opportunity, bridging the gap between legacy finance and the decentralized economy.
Regulatory compliance is also a major priority. As governments worldwide tighten oversight of digital‑asset activities, market participants need reliable data to satisfy anti‑money‑laundering (AML) and know‑your‑customer (KYC) requirements.
Kaiko’s expanded resources will support the creation of compliance‑focused data products, such as transaction‑traceability tools and suspicious‑activity alerts, which can be integrated directly into the compliance stacks of banks and regulated entities. From an operational perspective, the capital injection will allow Kaiko to recruit additional talent across engineering, data science, and product management. Building a robust, scalable architecture capable of handling billions of data points daily requires a deep bench of specialists. Moreover, the company plans to invest in research and development aimed at improving data quality assurance processes, including automated anomaly detection, cross‑exchange validation, and enhanced metadata tagging.
Industry observers view Kaiko’s expanded Series B round as a bellwether for the maturation of the crypto‑data market. While early‑stage crypto startups often focused on token issuance or wallet services, the growing demand for institutional‑grade data reflects the sector’s shift toward mainstream adoption. Accurate, continuous market data is now seen as a prerequisite for risk‑adjusted investment strategies, derivative pricing, and the creation of crypto‑linked financial products such as futures, options, and exchange‑traded funds (ETFs).
In summary, Kaiko’s successful raise of $110 million, bolstered by the entry of S&P Global and continued support from BNP Paribas and other financial partners, positions the company to accelerate its mission of delivering uninterrupted, high‑quality market data for digital assets. The funding will enable broader exchange coverage, lower latency, richer analytics, and stronger compliance tools—all essential components for fostering confidence among institutional investors and regulators alike. As the crypto ecosystem continues to evolve, Kaiko’s expanded capabilities are likely to play a pivotal role in shaping the data infrastructure that underpins the next generation of financial products and services.