Kaiko, a fast‑growing provider of digital‑asset market data, has announced that it has broadened its Series B financing round to a total of $110 million. The enlarged round brings together a diverse group of investors, including the renowned financial‑ratings powerhouse S&P Global, the French banking giant BNP Paribas, as well as several leading traditional banks and exchange operators that have already been involved in earlier phases of the funding. The additional capital is earmarked for a series of strategic initiatives that will accelerate Kaiko’s ambition to become the definitive source of continuous, high‑quality market data for the cryptocurrency and broader digital‑asset ecosystem.
By expanding its data‑collection infrastructure, enhancing its analytics platform, and deepening its partnerships with exchanges, custodians, and institutional investors, Kaiko aims to deliver a seamless, real‑time data feed that meets the rigorous standards of regulated finance. The involvement of S&P Global marks a notable endorsement from the traditional financial‑services sector. S&P Global, which is best known for its credit‑rating services, has been actively diversifying into data and analytics for emerging asset classes.
Its participation signals confidence that Kaiko’s data solutions can be integrated into the risk‑management, valuation, and compliance workflows that underpin institutional investment in digital assets. In addition, S&P Global’s extensive network of corporate clients and its expertise in data standardisation will help Kaiko align its offerings with the regulatory expectations that are increasingly shaping the crypto market. BNP Paribas, a leading European bank with a strong focus on innovation, also reaffirmed its commitment to the digital‑asset space by joining the round.
The bank has previously explored blockchain‑based settlement and custody services, and its investment in Kaiko reflects a strategic desire to embed high‑frequency market data into its own trading and advisory platforms. By leveraging Kaiko’s continuous data streams, BNP Paribas can enhance its own analytics, improve pricing accuracy for crypto‑linked products, and offer its clients a more transparent view of market dynamics. Other participants in the round include several well‑established exchange operators that have partnered with Kaiko to provide raw trade data from their order books. Their continued support underscores the mutual benefit of a robust data ecosystem: exchanges gain wider distribution of their market activity, while Kaiko receives privileged access to high‑quality, low‑latency data that fuels its analytics engine.
The newly raised funds will be deployed across three core pillars. First, Kaiko plans to scale its data‑collection infrastructure globally, adding more nodes and improving redundancy to ensure uninterrupted coverage of both major and niche crypto‑exchange venues. This expansion will also involve the acquisition of additional licences and the development of proprietary scraping technologies to capture data from emerging decentralized finance (DeFi) protocols, where traditional data providers have limited reach. Second, the company will invest heavily in its data‑processing and delivery platform.
By integrating advanced machine‑learning models, Kaiko intends to clean, normalise, and enrich raw trade data in near real‑time, delivering a suite of value‑added products such as order‑book depth visualisations, liquidity heatmaps, and predictive volatility indicators. These tools are designed to meet the exacting needs of hedge funds, asset managers, and corporate treasuries that require granular, trustworthy data to inform trading strategies, risk assessments, and regulatory reporting.
Third, Kaiko will broaden its go‑to‑market strategy by forging deeper relationships with institutional clients and expanding its API ecosystem. The company aims to offer tiered subscription models that cater to a spectrum of users—from boutique crypto funds needing bespoke data feeds to large banks requiring enterprise‑grade service‑level agreements (SLAs) and compliance‑ready documentation.
In parallel, Kaiko will launch educational resources and developer‑friendly SDKs to lower the barrier for fintech firms seeking to embed crypto market data into their own applications. Industry observers note that the timing of Kaiko’s expanded Series B aligns with a broader maturation of the digital‑asset market. Regulatory bodies across North America, Europe, and Asia are moving toward clearer frameworks for crypto‑trading, custodial services, and market‑infrastructure providers. As a result, demand for reliable, auditable, and continuously updated market data is surging.
Institutions that previously hesitated to allocate capital to crypto assets now require the same level of data integrity that they expect from traditional equities or fixed‑income markets. Kaiko’s mission to deliver "continuous market data"—meaning an uninterrupted, high‑frequency feed that captures every trade, quote, and order‑book change—directly addresses this emerging requirement.
The funding round also underscores a growing convergence between legacy finance and the crypto ecosystem. By bringing together a credit‑rating agency, a major bank, and exchange operators, the round demonstrates that the once‑distinct worlds of conventional finance and digital assets are increasingly interwoven. This convergence is likely to accelerate the development of hybrid financial products, such as crypto‑linked derivatives, tokenised securities, and structured finance solutions that rely on accurate market data for pricing and risk modelling.
Kaiko’s CEO, who has a background in both traditional financial services and blockchain technology, emphasized that the additional capital will enable the company to "build the data backbone of the new financial era." He highlighted that the partnership with S&P Global and BNP Paribas not only provides financial resources but also opens doors to a wealth of expertise in compliance, risk management, and enterprise‑scale technology deployment. Looking ahead, Kaiko intends to roll out its next‑generation data platform within the next twelve months, featuring real‑time streaming APIs, enhanced historical data archives, and a suite of analytics dashboards accessible via a secure web portal.
The company also plans to explore partnerships with regulatory technology (RegTech) firms to embed its data into anti‑money‑laundering (AML) and know‑your‑customer (KYC) workflows, further cementing its role as a critical infrastructure provider for the regulated crypto market. In summary, the expanded $110 million Series B round, bolstered by the participation of S&P Global, BNP Paribas, and other key industry players, positions Kaiko to scale its operations, enrich its product suite, and deepen its integration with institutional finance.
As the demand for continuous, high‑quality crypto market data intensifies, Kaiko’s enhanced capabilities and strategic partnerships are set to make it a cornerstone of the data infrastructure that underpins the next wave of digital‑asset investment and innovation.