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 broader group of investors, most notably the financial‑rating powerhouse S&P Global, the multinational banking group BNP Paribas, as well as a suite of traditional banks and major exchange operators.
This infusion of capital is earmarked to accelerate Kaiko’s strategic move toward offering continuous, real‑time market data services across a wider array of cryptocurrency and digital‑asset markets. The participation of S&P Global marks a significant endorsement from a firm that has long been synonymous with rigorous financial analysis, credit ratings, and market intelligence. By aligning itself with Kaiko, S&P Global signals a growing recognition of the importance of high‑quality, reliable data in the rapidly evolving crypto ecosystem.
The partnership is expected to combine S&P Global’s deep analytical expertise with Kaiko’s technological infrastructure, creating a more robust data offering for institutional investors, asset managers, and regulators who demand precision and compliance. BNP Paribas, one of Europe’s largest banks, also joined the round, underscoring the increasing appetite among legacy financial institutions for exposure to digital‑asset markets.
BNP Paribas has been actively exploring blockchain‑related services and sees Kaiko’s data platform as a critical component for building out its own crypto‑related products, ranging from custody solutions to derivative offerings. Their involvement not only brings additional capital but also opens doors to a network of corporate clients who may benefit from Kaiko’s expanding suite of data products. Other participants in the round include several well‑known exchange operators and traditional banks that have already been collaborating with Kaiko on various data‑feed projects. Their continued support reflects confidence in Kaiko’s ability to deliver clean, standardized, and timely data—a necessity for market participants who need to monitor price movements, liquidity, and order‑book depth across dozens of exchanges and trading pairs.
Kaiko’s core business revolves around aggregating, normalizing, and distributing market data from a multitude of cryptocurrency exchanges worldwide. The company’s platform ingests raw trade and order‑book information, applies sophisticated cleaning algorithms to remove anomalies, and then republishes the refined data through APIs that can be integrated into trading systems, risk‑management tools, and analytics platforms. Over the past few years, Kaiko has built a reputation for reliability, offering data coverage that spans spot markets, futures, options, and even emerging DeFi protocols.
The newly secured $110 million will be deployed across several key initiatives. First, Kaiko plans to expand its data coverage to include a broader set of emerging digital‑asset markets, such as layer‑2 solutions, cross‑chain bridges, and niche token ecosystems that have previously been under‑represented in mainstream data feeds. By doing so, Kaiko aims to become the go‑to source for comprehensive market intelligence, enabling investors to assess opportunities across the full spectrum of the crypto landscape.
Second, the company will invest heavily in its technology stack to support continuous, real‑time data delivery at scale. This involves upgrading its ingestion pipelines, enhancing latency‑reduction mechanisms, and bolstering its cloud infrastructure to handle the surge in data volume that comes with broader market coverage.
The goal is to provide sub‑second latency feeds that meet the stringent requirements of high‑frequency trading firms and algorithmic strategies that rely on the freshest possible market snapshots. Third, Kaiko intends to deepen its compliance and regulatory offerings. With increasing scrutiny from regulators worldwide, there is a growing demand for data that can be used to monitor market manipulation, insider trading, and other illicit activities.
By collaborating with S&P Global’s compliance teams, Kaiko will develop enhanced audit‑trail capabilities, anomaly‑detection models, and reporting tools that can be leveraged by exchanges, custodians, and supervisory authorities. Finally, a portion of the funds will be allocated to talent acquisition and organizational growth.
Kaiko plans to recruit additional engineers, data scientists, and compliance experts to support its expanding product roadmap. The company also aims to establish regional offices in key financial hubs such as London, Singapore, and New York, facilitating closer relationships with institutional clients and local regulators.
Industry observers view this expanded Series B as a bellwether for the broader market’s maturation. The involvement of established financial institutions like S&P Global and BNP Paribas suggests that the line between traditional finance and crypto is becoming increasingly blurred. As more legacy players seek reliable data to underpin their crypto strategies, providers like Kaiko are positioned to play a pivotal role in bridging the information gap. In summary, Kaiko’s $110 million Series B round, now bolstered by heavyweight investors from both the traditional financial sector and the crypto exchange community, provides the company with the financial muscle and strategic partnerships needed to accelerate its mission.
The capital will fuel expansion into new markets, enhance real‑time data delivery, strengthen compliance tools, and support global talent acquisition. With these resources, Kaiko is poised to solidify its standing as a leading source of high‑quality digital‑asset market data, catering to the evolving needs of institutional investors, regulators, and financial innovators alike.