Kaiko, a rapidly growing provider of digital‑asset market data, has announced that it is enlarging its Series B financing to a total of $110 million. The round now includes a strategic investment from S&P Global, the world‑renowned financial‑information and ratings firm, as well as continued backing from BNP Paribas and several other prominent banks and exchange operators. This infusion of capital is intended to accelerate Kaiko’s roadmap for delivering continuous, high‑quality market data across the expanding cryptocurrency ecosystem.
The decision to broaden the funding round reflects both Kaiko’s strong performance to date and the increasing demand from institutional investors, regulators, and fintech firms for reliable, real‑time data on digital assets. Over the past two years, Kaiko has built a robust infrastructure that aggregates trade information from more than 250 exchanges worldwide, normalizes disparate data formats, and provides a unified API that can be integrated into trading platforms, risk‑management systems, and analytics tools. By securing additional resources, Kaiko aims to deepen its coverage, improve latency, and introduce new data products such as order‑book depth, on‑chain metrics, and advanced analytics dashboards. S&P Global’s involvement is particularly noteworthy.
As a leading provider of credit ratings, market intelligence, and analytics, S&P Global brings a wealth of expertise in data governance, standardization, and compliance. Its partnership with Kaiko is expected to enhance the credibility of cryptocurrency market data, helping to bridge the gap between traditional finance and the nascent digital‑asset sector.
S&P Global’s analysts will collaborate with Kaiko’s engineering team to develop rigorous data‑quality frameworks, ensuring that the information delivered to clients meets the same standards applied to conventional financial markets. BNP Paribas, one of Europe’s largest banking groups, continues to demonstrate confidence in Kaiko’s vision. The bank has already been an early adopter of Kaiko’s APIs for its own internal trading desks and risk‑assessment models. With the expanded Series B, BNP Paribas plans to integrate Kaiko’s enriched data feeds into its broader suite of investment services, offering corporate clients and asset managers a more comprehensive view of crypto‑related exposures.
This move aligns with the bank’s strategic push to incorporate digital assets into its product offerings while maintaining robust risk controls. Other participants in the round include a mix of traditional exchange operators and fintech innovators who recognize the strategic importance of high‑fidelity market data. Their collective support underscores a broader industry trend: as cryptocurrencies mature, the need for transparent, auditable, and timely data becomes a cornerstone for market integrity and investor confidence. The additional $20 million raised in this extension will be allocated across several key initiatives.
First, Kaiko will invest heavily in its data‑collection infrastructure, adding new nodes in under‑served regions such as Southeast Asia and Africa to capture a more representative sample of global trading activity. Second, the company will accelerate the development of its continuous‑streaming platform, which aims to deliver sub‑second updates on price movements, trade volumes, and liquidity shifts. This capability is critical for high‑frequency trading firms and algorithmic strategies that rely on the freshest possible data. Third, Kaiko intends to expand its product suite with value‑added services.
These include predictive analytics powered by machine‑learning models that can flag abnormal market behavior, compliance tools that help firms meet emerging regulatory reporting requirements, and customizable dashboards that allow clients to visualize data in real time. By offering a broader ecosystem of tools, Kaiko hopes to become the go‑to data partner for a wide range of market participants, from hedge funds and custodians to decentralized finance (DeFi) platforms. Finally, a portion of the funds will be dedicated to strengthening Kaiko’s security and data‑privacy posture.
In an environment where cyber threats are increasingly sophisticated, ensuring the integrity and confidentiality of market data is paramount. Kaiko plans to adopt advanced encryption techniques, conduct regular third‑party security audits, and obtain certifications that align with industry best practices.
Industry observers note that Kaiko’s ability to attract capital from both traditional finance heavyweights and specialized crypto players signals a maturing market. The convergence of expertise from S&P Global, BNP Paribas, and other seasoned investors provides Kaiko with not only financial resources but also strategic guidance on navigating regulatory landscapes, scaling operations, and fostering trust among institutional clients.
Looking ahead, Kaiko’s leadership envisions a future where digital‑asset data is as ubiquitous and reliable as equity or bond market data. The company’s CEO has emphasized that the ultimate goal is to create a seamless data layer that enables any participant—whether a small startup or a multinational bank—to access accurate, real‑time information without the need for extensive in‑house infrastructure. With the expanded Series B round now secured, Kaiko is well positioned to turn that vision into reality, driving greater transparency, efficiency, and innovation across the global cryptocurrency market.