Kaiko, the leading provider of digital‑asset market data, has announced a significant expansion of its Series B financing round, bringing the total amount raised to $110 million. The latest tranche of capital includes a strategic investment from S&P Global, the world‑renowned financial‑information and analytics firm, alongside participation from BNP Paribas, one of Europe’s foremost banking groups.
This infusion of funds follows earlier commitments from a roster of prominent traditional banks, global exchange operators, and technology investors who have already pledged their confidence in Kaiko’s vision of delivering seamless, high‑quality market data for the rapidly evolving cryptocurrency ecosystem. The decision by S&P Global to join the round marks a noteworthy milestone for both parties. Known for its rigorous credit‑rating methodologies, comprehensive data platforms, and extensive client base across asset managers, investment banks, and corporate treasuries, S&P Global sees a clear strategic alignment with Kaiko’s mission. By integrating Kaiko’s real‑time, granular crypto‑asset data into its own suite of analytics tools, S&P Global aims to enhance its offerings for institutional investors seeking exposure to digital assets, while also strengthening its position as a forward‑looking data provider in a market that is increasingly intersecting with traditional finance.
BNP Paribas, a leading European financial institution with a strong foothold in capital markets, trade finance, and asset management, also reaffirmed its commitment to the digital‑asset space through this investment. The bank’s participation underscores the growing appetite among legacy financial firms to embed reliable crypto‑market data into their risk‑management frameworks, trading algorithms, and client advisory services.
BNP Paribas’ involvement is expected to accelerate Kaiko’s outreach to European institutional clients, facilitating smoother onboarding processes, regulatory compliance, and the development of bespoke data solutions tailored to the specific needs of banks, hedge funds, and sovereign wealth funds operating in the crypto arena. Beyond S&P Global and BNP Paribas, the round attracted a diverse set of investors that includes other major banks, exchange operators, and venture‑capital firms that have been closely monitoring the maturation of crypto‑related infrastructure. Their collective backing reflects a broader industry consensus: high‑quality, continuous market data is a critical piece of the puzzle for the mainstream adoption of digital assets. As cryptocurrency markets become more sophisticated and as regulatory frameworks tighten, institutions are demanding data that is not only accurate and timely but also compliant with emerging standards for transparency and auditability.
Kaiko’s core offering revolves around delivering continuous, tick‑by‑tick market data across a wide array of crypto‑assets, exchanges, and trading venues. This includes price feeds, order‑book depth, trade volumes, and a suite of derived metrics such as volatility indices, liquidity scores, and market‑impact analytics. By aggregating data from over 150 exchanges worldwide, normalizing it, and providing it through robust APIs, Kaiko enables its clients to build sophisticated trading strategies, perform rigorous risk assessments, and comply with reporting obligations that are increasingly mandated by regulators in jurisdictions such as the United States, the European Union, and Asia‑Pacific.
The newly secured capital will be allocated across several strategic initiatives. First, Kaiko plans to expand its data‑collection infrastructure to cover emerging exchanges and decentralized finance (DeFi) protocols that are gaining traction among retail and institutional participants alike. This expansion will involve hiring additional engineers, data scientists, and compliance experts to ensure that the influx of new data sources meets the same high standards of reliability and accuracy that Kaiko’s existing clients expect.
Second, the company intends to accelerate the development of its continuous‑data‑as‑a‑service platform, which will offer subscription‑based access to real‑time streams, historical archives, and advanced analytics dashboards. Enhancements will include more granular timestamp precision, enriched metadata, and customizable alerting mechanisms that can be integrated directly into clients’ proprietary trading systems. By offering a more flexible, modular architecture, Kaiko aims to cater to a broader spectrum of use cases—from algorithmic trading desks that require millisecond‑level latency to compliance teams that need comprehensive audit trails for regulatory filings. Third, Kaiko will invest in strengthening its partnership ecosystem.
The involvement of S&P Global and BNP Paribas opens doors to co‑development opportunities, joint research initiatives, and cross‑selling arrangements that can bring Kaiko’s data to a wider audience. For instance, S&P Global’s flagship platforms such as Capital IQ and Market Intelligence could embed Kaiko’s crypto‑asset feeds, providing analysts with a unified view of both traditional and digital markets.
Similarly, BNP Paribas could leverage Kaiko’s data to enhance its own digital‑asset custody services, offering clients a seamless experience from trade execution to settlement and reporting. Regulatory compliance remains a top priority for Kaiko as it scales. The company is actively engaging with regulators, industry consortia, and standards bodies to shape best practices around data provenance, privacy, and security.
The additional funding will support the establishment of a dedicated compliance unit tasked with monitoring evolving legal requirements, implementing robust data‑governance frameworks, and ensuring that all data delivery mechanisms adhere to stringent security protocols, including end‑to‑end encryption and multi‑factor authentication. Market analysts view the expanded Series B round as a validation of Kaiko’s business model and its potential to become the de‑facto standard for crypto‑market data, much like Bloomberg or Refinitiv have done for traditional finance. The infusion of $110 million not only provides the financial runway needed to execute these ambitious growth plans but also signals confidence from some of the most respected institutions in the financial world. In summary, Kaiko’s extended Series B funding, now totaling $110 million with new strategic investors S&P Global and BNP Paribas, positions the company at the forefront of the digital‑asset data landscape.
The capital will fuel infrastructure expansion, product innovation, and deeper collaborations with legacy financial firms, all while maintaining a relentless focus on data quality, regulatory compliance, and client success. As the cryptocurrency market continues to mature and integrate with the broader financial system, Kaiko’s role as a trusted source of continuous market data is set to become increasingly pivotal, empowering institutions worldwide to navigate the complexities of the new digital‑asset frontier.