Kaiko Broadens Series B Funding to $110 Million, Securing Backing from S&P Global and BNP Paribas

Kaiko, a fast‑growing provider of digital‑asset market data, announced today that it has successfully expanded its Series B financing round to a total of $110 million. The enlarged round brings together a diverse group of investors, including the financial‑information powerhouse S&P Global, the French banking giant BNP Paribas, as well as several other prominent traditional banks and exchange operators that have long been active in the broader financial services ecosystem. The additional capital marks a pivotal moment for Kaiko as it seeks to transition from a niche data supplier for cryptocurrency traders to a full‑scale, continuously operating market‑data platform that can serve institutional investors, asset managers, regulators, and fintech innovators alike.

By securing the confidence of both a globally recognized rating agency and a major international bank, Kaiko demonstrates that the market for high‑quality, real‑time digital‑asset information is no longer a fringe segment but a mainstream component of modern finance. ### Why the Funding Matters The digital‑asset space has matured dramatically over the past few years.

Early on, data providers primarily offered end‑of‑day snapshots or delayed price feeds, which were sufficient for retail enthusiasts but fell short of the rigorous standards demanded by institutional participants. Today, sophisticated trading desks, hedge funds, and custodians require granular, low‑latency data streams that cover a wide array of tokens, exchanges, and trading venues. They also need robust historical archives for back‑testing, compliance reporting, and risk management.

Kaiko’s expanded Series B round is designed to fund the development of the infrastructure needed to meet these demands. Specifically, the new funds will be allocated to: 1. **Continuous Data Delivery Architecture** – Building a resilient, high‑throughput pipeline that can ingest, normalize, and distribute market data from dozens of exchanges in near‑real time, while ensuring minimal downtime and consistent latency.

2. **Enhanced Data Quality Controls** – Implementing advanced validation, anomaly detection, and cleansing mechanisms to guarantee the accuracy and reliability of the data, a prerequisite for regulatory compliance and algorithmic trading. 3.

**Broader Asset Coverage** – Extending Kaiko’s catalog to include emerging token classes such as decentralized finance (DeFi) derivatives, non‑fungible tokens (NFTs), and layer‑2 scaling solutions, thereby providing a more comprehensive view of the crypto ecosystem. 4. **Regulatory‑Ready Reporting Tools** – Developing APIs and dashboards that help clients meet the reporting obligations of bodies like the SEC, FCA, and ESMA, which are increasingly scrutinizing crypto‑related activities. 5.

**Global Expansion of Sales and Support** – Establishing regional offices and multilingual support teams to serve a growing international client base, especially in Europe, Asia‑Pacific, and the Middle East. ### The Strategic Value of S&P Global’s Participation S&P Global’s involvement goes beyond a simple capital injection.

As a leading provider of credit ratings, indices, and market intelligence, S&P Global brings deep expertise in data governance, standardization, and risk assessment. Their partnership signals to the broader financial community that Kaiko’s data sets meet the stringent criteria required for integration into traditional financial workflows. Moreover, S&P Global’s extensive network of institutional clients offers Kaiko a direct channel to potential customers who are already accustomed to leveraging S&P’s analytics for equities, commodities, and fixed income.

In a joint statement, S&P Global’s Chief Data Officer highlighted that “the convergence of digital assets with conventional finance is accelerating, and reliable market data is the backbone of that integration. Kaiko’s commitment to delivering continuous, high‑integrity data aligns perfectly with our mission to empower investors with trustworthy information.” ### BNP Paribas and the Role of Traditional Banking BNP Paribas, one of Europe’s largest banks, adds another layer of credibility and strategic insight.

The bank has been actively exploring blockchain and crypto‑related services for its corporate and institutional clients. By investing in Kaiko, BNP Paribas not only secures a reliable data source for its own internal analytics but also positions itself to offer value‑added services—such as crypto‑asset pricing, risk analytics, and compliance reporting—to its clientele.

A senior executive at BNP Paribas noted, “Our partnership with Kaiko reflects a broader strategic vision to embed digital‑asset capabilities within our existing product suite. Access to continuous, high‑quality market data is essential for us to develop robust pricing models and risk frameworks for crypto‑exposures.” ### Market Implications and Future Outlook The infusion of $110 million into Kaiko underscores a growing consensus among legacy financial institutions that crypto‑related data is no longer a peripheral concern.

As regulators worldwide tighten reporting requirements and as more asset managers allocate capital to digital assets, the demand for reliable, real‑time data will only intensify. Analysts predict that Kaiko’s expanded platform could become a de‑facto standard for institutional crypto data, much like Bloomberg or Refinitiv serve traditional markets.

The company’s roadmap, now bolstered by the new funding, aims to achieve several milestones within the next 12‑18 months: - **Launch of a continuous streaming API** that delivers sub‑second latency across all supported exchanges. - **Release of a comprehensive historical database** covering more than five years of tick‑by‑tick data, accessible via flexible query tools.

- **Introduction of a regulatory compliance suite** that automates transaction reporting and audit trails for clients subject to MiCA, the SEC’s proposed crypto rules, and other jurisdiction‑specific mandates. - **Partnerships with major custodians and trading platforms** to embed Kaiko’s data directly into execution and settlement workflows. By achieving these objectives, Kaiko aims to close the gap between the nascent crypto market and the mature infrastructure that underpins equities, bonds, and derivatives.

The company’s vision is to become the go‑to source for any entity that needs trustworthy, real‑time insight into the digital‑asset landscape, thereby fostering greater market transparency, reducing information asymmetry, and ultimately supporting the broader adoption of crypto assets within the global financial system. In summary, the expanded Series B round not only provides Kaiko with the financial resources required to scale its technology and operations but also validates its strategic direction through the endorsement of heavyweight investors such as S&P Global and BNP Paribas. As the crypto ecosystem continues to evolve, Kaiko’s commitment to delivering continuous, high‑quality market data positions it at the forefront of the industry’s next wave of institutionalization.