Kaiko, the leading provider of cryptocurrency market data, has announced a substantial expansion of its Series B financing round, bringing the total amount raised to $110 million. The round is anchored by a new strategic investor, S&P Global, the world‑renowned financial‑information and ratings firm, which joins an existing consortium of prominent traditional banks and exchange operators that have already committed capital to the company. The infusion of funds is intended to accelerate Kaiko’s roadmap for delivering continuous, high‑frequency market‑data services across a broader set of digital‑asset venues.
By leveraging the deep analytical expertise and extensive network of S&P Global, Kaiko aims to enhance the granularity, reliability, and timeliness of its data streams, thereby meeting the growing demand from institutional investors, hedge funds, and fintech platforms for real‑time insights into the rapidly evolving crypto ecosystem. S&P Global’s participation signals a noteworthy shift in the mainstream financial industry’s perception of digital assets. Historically, the firm has focused on traditional equities, fixed‑income, and commodities markets, providing credit ratings, indices, and analytics that underpin global capital markets. Its decision to invest in Kaiko reflects a recognition that cryptocurrency markets are maturing and that robust, standardized data will become a cornerstone for risk management, compliance, and investment decision‑making in this space.
Alongside S&P Global, the financing round includes contributions from BNP Paribas, one of Europe’s largest banking groups, as well as several leading exchange operators that have partnered with Kaiko to integrate its data feeds into their trading platforms. These partners share a common objective: to furnish market participants with a seamless flow of accurate, high‑resolution data that can support algorithmic trading, portfolio monitoring, and regulatory reporting. The $110 million raised will be allocated across three primary pillars.
First, Kaiko will invest heavily in its data‑collection infrastructure, expanding its network of nodes and improving its ability to capture order‑book snapshots, trade executions, and on‑chain events at sub‑second intervals. This technical upgrade is expected to reduce latency and increase the coverage of emerging exchanges, especially those operating in regions that have previously been under‑represented in global data sets. Second, the company plans to broaden its product suite by launching a suite of continuous‑streaming data services. These services will deliver real‑time price feeds, depth‑of‑market analytics, and liquidity metrics that can be consumed via APIs or integrated directly into enterprise data warehouses.
By offering subscription‑based access to these feeds, Kaiko hopes to capture a larger share of the institutional market, where firms are willing to pay a premium for data that can be trusted for compliance and audit purposes. Third, a portion of the capital will be directed toward compliance and regulatory initiatives. As governments worldwide tighten oversight of digital‑asset activities, having a reliable data source becomes essential for meeting anti‑money‑laundering (AML) and know‑your‑customer (KYC) requirements. Kaiko intends to work closely with regulators, leveraging its partnership with S&P Global to develop standardized reporting frameworks that can be adopted across jurisdictions.
Industry analysts view the enlarged Series B as a validation of Kaiko’s business model and its strategic positioning at the intersection of traditional finance and the crypto sector. The infusion of capital not only provides the financial runway needed for product development but also enhances the company’s credibility among risk‑averse institutional players who have historically been hesitant to engage with the nascent crypto market due to data quality concerns. In a statement, Kaiko’s CEO highlighted the importance of the partnership with S&P Global, noting that the collaboration will bring together “the best of both worlds”: Kaiko’s deep technical expertise in blockchain data acquisition and S&P Global’s long‑standing reputation for rigorous data governance.
The CEO added that the combined resources will enable Kaiko to set new industry standards for data accuracy, coverage, and timeliness, ultimately fostering greater confidence among investors and regulators alike. Meanwhile, S&P Global’s senior vice‑president for data solutions remarked that the investment underscores the firm’s commitment to expanding its digital‑asset offerings and supporting the broader financial ecosystem’s transition to a more data‑driven, transparent environment.
By aligning with a specialized crypto‑data provider, S&P Global aims to bridge the gap between traditional market intelligence and the fast‑moving world of digital assets, delivering a unified view that can inform both legacy and emerging market participants. Looking ahead, Kaiko expects the newly raised funds to propel it into a leadership role within the crypto‑data landscape.
The company plans to roll out its continuous‑streaming services in the coming quarters, targeting major institutional clients in North America, Europe, and Asia‑Pacific. With the backing of heavyweight investors such as S&P Global and BNP Paribas, Kaiko is well‑positioned to scale its operations, deepen its data coverage, and contribute to the maturation of the digital‑asset market by providing the reliable, high‑frequency data that sophisticated traders and regulators increasingly demand.