Kaiko, a fast‑growing 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 round is notable not only for its size but also for the high‑profile investors that have joined the company’s capital table, including S&P Global, the world‑renowned financial‑information and ratings firm, as well as BNP Paribas, one of Europe’s largest banking groups. Other participants in the round comprise a mix of traditional financial institutions, leading exchange operators, and strategic venture‑capital partners that have previously supported Kaiko’s mission to deliver reliable, real‑time data to participants in the cryptocurrency ecosystem. The infusion of capital is earmarked for a multi‑phase growth strategy that will see Kaiko deepen its existing data‑delivery capabilities, broaden its product suite, and accelerate its entry into new geographic markets.
At the core of this strategy is the development of a continuous market‑data platform that can provide tick‑by‑tick price information, order‑book depth, and transaction‑level details across a wide range of digital assets. Unlike many legacy data providers that rely on periodic snapshots or delayed feeds, Kaiko’s envisioned platform will deliver a seamless, low‑latency stream of information that can be integrated directly into trading algorithms, risk‑management systems, and regulatory reporting tools.
The involvement of S&P Global is particularly significant because it signals a convergence between traditional financial data ecosystems and the emerging digital‑asset space. S&P Global’s expertise in data aggregation, analytics, and standards development will help Kaiko align its offerings with the rigorous quality and compliance expectations of institutional investors, asset managers, and custodians.
By leveraging S&P Global’s extensive network and methodological frameworks, Kaiko aims to certify its data as a trusted reference point for pricing, valuation, and market‑surveillance activities. This partnership also opens the door for joint research initiatives that could explore the integration of crypto‑asset data into broader financial‑market indices, risk‑factor models, and macro‑economic indicators. BNP Paribas, on the other hand, brings a deep understanding of banking operations, client onboarding, and cross‑border regulatory landscapes.
Its participation underscores the growing appetite among major banks to incorporate crypto‑asset services into their product portfolios, ranging from custody solutions to structured products that reference digital‑asset performance. With BNP Paribas on board, Kaiko will gain valuable insights into the compliance requirements that banks face when handling crypto‑related transactions, enabling the company to design data‑delivery mechanisms that satisfy anti‑money‑laundering (AML), know‑your‑customer (KYC), and other supervisory mandates. Beyond the two headline investors, the round also includes several exchange operators that have a vested interest in the quality and accessibility of market data. These operators recognize that robust, transparent data feeds are essential for attracting liquidity providers, market makers, and sophisticated traders to their platforms.
By supporting Kaiko, they are effectively investing in the infrastructure that underpins the overall health and efficiency of the digital‑asset market. The capital will be used to expand Kaiko’s data‑collection nodes, enhance its data‑cleaning pipelines, and introduce advanced analytics such as anomaly detection, predictive volatility modeling, and sentiment‑adjusted pricing.
From a product‑development perspective, Kaiko plans to roll out a suite of new services over the next 12‑18 months. These include: 1.
**Continuous Trade‑Tape Feed** – A real‑time, immutable record of every executed trade across supported exchanges, delivered via low‑latency APIs and WebSocket streams. 2. **Order‑Book Depth Aggregation** – Consolidated depth snapshots that combine order‑book information from multiple venues, giving users a holistic view of market liquidity. 3.
**Historical Data Reconstruction** – A searchable archive of high‑frequency data that enables back‑testing, academic research, and regulatory audits. 4. **Compliance‑Ready Reporting** – Pre‑formatted data packages that meet the reporting standards of major regulators, including the SEC, FCA, and ESMA. 5.
**Custom Index Creation** – Tools that allow institutional clients to build bespoke crypto‑asset indices for benchmarking, fund performance measurement, or structured‑product issuance. The funding will also support Kaiko’s expansion into regions where digital‑asset activity is accelerating, such as Southeast Asia, the Middle East, and Latin America. In these markets, local exchanges often lack the technical resources to produce high‑quality data feeds, creating an opportunity for Kaiko to act as a data aggregator and quality‑assurance layer. By establishing regional data hubs and forging partnerships with local regulators, Kaiko hopes to become the de‑facto standard for market data in emerging crypto economies.
Strategically, the Series B extension positions Kaiko as a bridge between the nascent crypto‑data landscape and the mature, institutional‑grade data services that dominate traditional finance. As the industry continues to mature, demand for accurate, timely, and compliant data is expected to surge, driven by the entry of hedge funds, pension funds, and sovereign wealth funds into crypto‑asset allocations. Kaiko’s ability to provide a single, reliable source of truth for price discovery and market analytics will be a critical differentiator in winning the trust of these large‑scale participants.
In summary, the $110 million Series B extension, bolstered by the participation of S&P Global, BNP Paribas, and a cadre of exchange operators, equips Kaiko with the financial muscle and strategic guidance needed to accelerate its roadmap. The company is set to enhance its data infrastructure, launch a continuous market‑data platform, and expand globally, all while aligning its services with the rigorous standards of institutional finance.
This infusion of capital not only validates Kaiko’s vision of becoming the premier source of digital‑asset market data but also reflects a broader industry trend: the convergence of traditional financial data expertise with the innovative, fast‑moving world of crypto assets.