Kaiko, the leading provider of digital‑asset market data and analytics, announced today that it has broadened its Series B financing round to a total of $110 million. The expanded round brings new strategic investors on board, most notably the financial‑rating powerhouse S&P Global, alongside the long‑standing backer BNP Paribas.
The additional capital will be used to accelerate Kaiko’s roadmap for delivering continuous, high‑frequency market‑data services to a growing ecosystem of institutional investors, trading firms, and fintech innovators. The infusion of $110 million marks a significant milestone for Kaiko, which was founded in 2014 with the mission of turning the fragmented world of cryptocurrency pricing into a reliable, institutional‑grade data source.
Over the past few years, the company has built a robust infrastructure that aggregates trade, order‑book, and reference data from more than 200 exchanges worldwide. By normalising, cleaning, and enriching this raw information, Kaiko enables its clients to make data‑driven decisions across trading, risk management, compliance, and research. The decision to extend the Series B round came after Kaiko’s leadership recognised a surge in demand for real‑time, continuous data feeds that can keep pace with the rapid evolution of digital‑asset markets. While many data providers still rely on periodic snapshots or delayed feeds, institutional participants increasingly require millisecond‑level granularity to power algorithmic strategies, monitor market micro‑structure, and comply with emerging regulatory reporting obligations.
Kaiko’s next‑generation platform, built on cloud‑native architecture and low‑latency pipelines, is positioned to meet these needs, but scaling such a system to a truly global audience demands substantial investment in engineering talent, data‑center capacity, and compliance frameworks. S&P Global’s participation is especially noteworthy because it signals a broader acceptance of crypto‑related data within the traditional financial‑services ecosystem. As a leading provider of credit ratings, market indices, and analytics, S&P Global brings deep expertise in data governance, quality assurance, and enterprise‑grade distribution. The partnership will allow Kaiko to adopt best‑in‑class standards for data integrity, auditability, and security—features that are critical for banks, asset managers, and regulators that are beginning to incorporate digital assets into their portfolios.
BNP Paribas, which has been a strategic investor since Kaiko’s earlier financing rounds, reaffirmed its confidence in the company’s vision. The French banking group has been actively exploring blockchain‑based solutions and has launched several internal initiatives to support crypto‑asset trading and custody for its corporate clients.
By increasing its stake, BNP Paribas not only secures a reliable source of market data for its own operations but also positions itself as a conduit for other European institutions that are looking to enter the crypto space with a trusted data partner. In addition to S&P Global and BNP Paribas, the extended round also includes participation from existing investors such as Paradigm, Placeholder VC, and CoinShares, as well as new entrants from the fintech and hedge‑fund sectors.
Collectively, these investors bring a mix of capital, industry connections, and domain expertise that will help Kaiko accelerate product development, expand its geographic footprint, and deepen its compliance capabilities. The newly raised funds will be allocated across several strategic pillars: 1. **Continuous Data Infrastructure** – Kaiko will double down on its real‑time data ingestion pipelines, ensuring sub‑second latency across all supported exchanges.
This includes deploying additional edge nodes in key market hubs such as New York, London, Tokyo, and Singapore, as well as upgrading its cloud‑based processing layer to handle higher throughput. 2. **Product Innovation** – The company plans to launch a suite of new offerings, including a continuous order‑book depth feed, a cross‑exchange arbitrage indicator, and advanced analytics dashboards that surface micro‑structure insights like order‑flow toxicity and market‑making efficiency.
3. **Regulatory Compliance** – With S&P Global’s guidance, Kaiko will implement rigorous data‑validation protocols, audit trails, and certification processes that align with emerging regulatory frameworks such as the EU’s MiCA and the U.S. SEC’s guidance on digital‑asset reporting.
4. **Talent Acquisition** – Scaling a high‑frequency data platform requires top‑tier engineers, data scientists, and compliance professionals.
Kaiko intends to recruit talent from leading technology firms and traditional finance houses to bolster its R&D and operations teams. 5.
**Geographic Expansion** – While Kaiko already serves clients in North America, Europe, and Asia‑Pacific, the company aims to deepen its presence in emerging markets where crypto adoption is accelerating, including Latin America and the Middle East. Local partnerships and regulatory engagement will be key components of this expansion.
Industry observers have praised Kaiko’s ability to bridge the gap between the fast‑moving crypto world and the rigorous standards of traditional finance. “The extension of Kaiko’s Series B round, and the involvement of a data‑quality leader like S&P Global, underscores the growing consensus that reliable, continuous market data is a prerequisite for the maturation of digital‑asset markets,” said a senior analyst at a leading research firm. “Investors are recognizing that without high‑quality data, the risk of market manipulation, pricing inefficiencies, and compliance breaches remains high.” Kaiko’s CEO emphasized that the company’s mission remains unchanged: to provide the most accurate, timely, and comprehensive market data for digital assets, thereby enabling the broader financial industry to make informed decisions. “Our expanded funding round is a vote of confidence from both the crypto‑native community and the established financial sector,” she said.
“With the support of S&P Global, BNP Paribas, and our other partners, we will accelerate the delivery of continuous data services that meet the exacting standards of institutional users, while also fostering innovation across the ecosystem.” As the crypto market continues to evolve, the demand for granular, real‑time data is expected to grow exponentially. Kaiko’s strategic move to secure additional capital and forge deeper alliances with traditional finance leaders positions it at the forefront of this transformation, offering a compelling value proposition for anyone seeking trustworthy, high‑frequency market intelligence in the digital‑asset arena.