Kaiko, the 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 was already attracting significant interest from a blend of traditional financial institutions and cryptocurrency‑focused investors, now includes a strategic commitment from S&P Global, the world‑renowned financial‑information and ratings company.
Alongside S&P Global, the round is supported by a roster of prominent backers such as BNP Paribas, a leading European bank, as well as several well‑known exchange operators and venture‑capital firms that have been following Kaiko’s trajectory since its inception. The infusion of capital is intended to accelerate Kaiko’s roadmap for delivering continuous, high‑frequency market‑data services across a broader array of digital‑asset venues. Currently, Kaiko supplies institutional clients—including hedge funds, asset managers, and trading firms—with clean, reliable, and standardized data on cryptocurrency trades, order books, and on‑chain activity.
By scaling its infrastructure and expanding its product suite, Kaiko aims to become the go‑to source for real‑time market intelligence in a sector that is still grappling with fragmented data sources, inconsistent reporting standards, and latency challenges. "The partnership with S&P Global marks a pivotal moment for Kaiko," said Jan Hertig, CEO of Kaiko, in a statement released alongside the funding announcement.
"S&P Global’s deep expertise in data governance, analytics, and global market coverage complements our own mission to bring institutional‑grade transparency to the crypto ecosystem. This capital will allow us to double down on building a resilient, low‑latency data pipeline that can serve the next generation of traders, regulators, and financial products that rely on accurate, up‑to‑the‑second information." S&P Global’s involvement goes beyond a mere financial contribution.
The rating agency plans to collaborate with Kaiko on several joint initiatives, including the development of standardized data taxonomy for digital assets, the creation of benchmarking tools that can be used by regulators and institutional investors, and the integration of Kaiko’s feeds into S&P Global’s broader suite of market‑intelligence platforms. By doing so, both companies hope to address one of the most pressing obstacles to mainstream adoption of crypto assets: the lack of trustworthy, comparable data that can be used for risk assessment, valuation, and compliance. BNP Paribas, another cornerstone investor in the round, also highlighted the strategic relevance of Kaiko’s offering.
"Our participation reflects the growing demand from our corporate and institutional clients for robust crypto‑market data," said Marie‑Claire Dubois, Head of Digital Assets at BNP Paribas. "Kaiko’s technology enables us to provide our clients with actionable insights, whether they are looking to hedge exposure, construct diversified portfolios, or simply monitor market dynamics in real time.
The expanded funding will help Kaiko scale its infrastructure globally, ensuring low‑latency delivery across all major exchanges." The funding round also attracted participation from several exchange operators that have a vested interest in improving data quality across their platforms. Representatives from these exchanges noted that a reliable third‑party data provider like Kaiko can alleviate the burden of building and maintaining proprietary data pipelines, allowing them to focus on core trading services and product innovation.
From a market‑size perspective, Kaiko’s expansion aligns with the rapid growth of the digital‑asset industry. According to industry estimates, the total market capitalization of cryptocurrencies has surpassed $2 trillion, and the volume of trading activity across spot, derivatives, and decentralized finance (DeFi) protocols continues to climb.
Institutional investors are allocating increasingly larger portions of their portfolios to crypto‑related strategies, and with that comes a heightened need for accurate, real‑time data to inform trading decisions, risk models, and regulatory reporting. With the additional $110 million, Kaiko plans to invest heavily in three key areas: 1.
**Infrastructure and Latency Reduction** – Building out a globally distributed network of data collection nodes, enhancing cloud‑based processing capabilities, and implementing cutting‑edge compression algorithms to ensure that data reaches clients with sub‑second latency. 2. **Product Diversification** – Launching new data products such as continuous order‑book depth feeds, on‑chain analytics for DeFi protocols, and AI‑driven anomaly detection services that can flag market manipulation or irregular trading patterns.
3. **Regulatory and Compliance Solutions** – Working closely with regulators worldwide to develop standardized reporting frameworks, compliance dashboards, and audit‑ready data trails that satisfy emerging AML, KYC, and market‑surveillance requirements. Industry analysts view Kaiko’s expanded Series B as a validation of the broader trend toward professionalization of crypto‑market infrastructure. "We are seeing a convergence of traditional finance expertise and crypto‑native technology," said Elena Rossi, a senior analyst at CryptoInsights.
"Investors like S&P Global and BNP Paribas recognize that high‑quality data is the foundation for any mature financial market, and Kaiko is positioning itself to be the backbone of that ecosystem." In summary, the $110 million Series B round, now bolstered by S&P Global’s strategic partnership and BNP Paribas’s financial backing, equips Kaiko with the resources needed to scale its operations, broaden its product suite, and cement its status as a leading provider of continuous market‑data services for the digital‑asset space. The company’s roadmap, underpinned by this fresh capital, promises to deliver faster, more reliable, and more comprehensive data solutions that will serve the evolving needs of traders, investors, regulators, and exchange operators alike.