Kaiko, a rapidly 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 now includes a strategic investment from S&P Global, the renowned financial‑information and ratings powerhouse, as well as participation from BNP Paribas, one of Europe’s leading banks.
Alongside these new investors, the round also features a consortium of traditional banking institutions and major exchange operators that have previously shown confidence in Kaiko’s vision and execution. The infusion of capital is earmarked for accelerating Kaiko’s roadmap toward delivering continuous, high‑frequency market‑data services to a broader spectrum of clients. In the fast‑evolving world of cryptocurrencies and digital assets, the demand for reliable, real‑time data has surged dramatically.
Institutional investors, hedge funds, proprietary trading firms, and even regulatory bodies now require granular, low‑latency information to make informed decisions, manage risk, and comply with emerging reporting standards. Kaiko’s expanded funding will enable the company to scale its data infrastructure, enhance its product suite, and deepen its global coverage across a growing number of crypto‑exchange venues.
S&P Global’s involvement is particularly noteworthy. As a global leader in credit ratings, market intelligence, and analytics, S&P Global brings not only capital but also deep expertise in data governance, quality assurance, and regulatory compliance.
By partnering with Kaiko, S&P Global aims to integrate crypto‑asset data into its broader suite of financial information services, thereby offering its clients a more comprehensive view of both traditional and digital markets. This collaboration signals a broader industry trend where established financial data providers are seeking to bridge the gap between legacy assets and the burgeoning crypto ecosystem. BNP Paribas, a cornerstone of European banking, also sees strategic value in the partnership.
The bank has been actively exploring blockchain and digital‑asset initiatives, and its investment in Kaiko aligns with its ambition to provide clients with cutting‑edge market‑data solutions. By supporting Kaiko’s expansion, BNP Paribas can offer its corporate and institutional customers direct access to high‑quality crypto‑price feeds, order‑book depth, and trade‑level data—tools that are essential for portfolio construction, risk analytics, and compliance monitoring. Beyond the headline investors, the round includes a mix of traditional banks, exchange operators, and venture‑capital firms that have previously backed Kaiko’s growth.
Their continued confidence underscores the belief that Kaiko is well‑positioned to become a cornerstone provider of crypto‑market data, much like Bloomberg or Refinitiv serve the equities and fixed‑income markets. The company’s technology stack, built on robust cloud‑native architecture and advanced data‑normalisation algorithms, allows it to ingest, cleanse, and standardise data from dozens of exchanges worldwide, delivering a single, reliable source of truth for market participants. The expanded funding will be deployed across several key initiatives.
First, Kaiko plans to invest heavily in its data‑collection infrastructure, adding new nodes and redundancy to ensure uninterrupted service even during periods of extreme market volatility. Second, the company will accelerate the development of its continuous‑data offering, which provides sub‑second updates on price movements, trade volumes, and order‑book changes. This capability is crucial for algorithmic traders who rely on ultra‑low latency data to execute strategies in real time.
Third, Kaiko will broaden its geographic footprint by establishing additional data‑center locations in regions such as Asia‑Pacific and the Middle East, thereby reducing latency for local clients and complying with data‑sovereignty regulations. In addition to technical enhancements, Kaiko intends to expand its product portfolio with new analytical tools, API endpoints, and customizable data packages.
These offerings will cater to a diverse client base, ranging from fintech startups that need affordable, scalable data feeds to large financial institutions that require enterprise‑grade solutions with strict service‑level agreements (SLAs). By providing flexible pricing models and modular access, Kaiko aims to lower the barrier to entry for emerging market participants while maintaining the high standards demanded by seasoned investors. Regulatory compliance is another focal point of the growth strategy. As governments worldwide grapple with how to oversee digital‑asset markets, the need for transparent, auditable data becomes paramount.
Kaiko’s partnership with S&P Global will help embed best‑practice compliance frameworks into its data pipelines, ensuring that the information it delivers meets the rigorous standards required by regulators, auditors, and anti‑money‑laundering (AML) teams. The market’s reaction to the funding announcement has been positive. Analysts note that the involvement of heavyweight institutions such as S&P Global and BNP Paribas lends credibility to the nascent crypto‑data sector and may encourage further institutional adoption. Moreover, the $110 million capital raise positions Kaiko to compete more aggressively with other data providers, potentially leading to consolidation or strategic partnerships across the industry.
Looking ahead, Kaiko’s leadership envisions a future where digital‑asset data is as ubiquitous and trusted as traditional financial data. With the new resources at its disposal, the company plans to set industry standards for data accuracy, latency, and coverage, while fostering an ecosystem of developers, traders, and regulators who can rely on its services for critical decision‑making. In summary, the expanded Series B round not only provides Kaiko with the financial muscle to scale its operations but also brings strategic allies that can help shape the broader landscape of crypto‑market data. As the digital‑asset market continues to mature, Kaiko’s commitment to delivering continuous, high‑quality data will be a key driver in supporting the next wave of innovation and institutional participation in the space.