Kaiko, a leading provider of digital-asset market data, has announced a significant expansion of its Series B financing round, raising a total of $110 million. The round, which was originally closed at $90 million, was broadened to accommodate new strategic investors, most notably S&P Global, the world‑renowned financial information and analytics firm, alongside BNP Paribas, a major European banking institution. The additional capital is earmarked for accelerating Kaiko’s roadmap toward delivering continuous, high‑frequency market data services across a broader array of crypto‑asset classes and geographies.
The infusion of funds reflects a growing consensus among traditional finance players that reliable, real‑time data is a cornerstone for the maturation of the cryptocurrency ecosystem. S&P Global’s participation marks the first time the rating agency has directly invested in a crypto‑data specialist, underscoring its belief that robust data infrastructure will be essential for risk assessment, valuation, and regulatory compliance as digital assets become more integrated into mainstream portfolios.
BNP Paribas, which has been actively exploring blockchain and digital‑asset solutions for its institutional clients, sees Kaiko’s platform as a critical component for offering transparent pricing and liquidity insights to its own wealth‑management and trading divisions. Kaiko’s core offering centers on aggregating, normalizing, and delivering granular trade‑by‑trade data from a worldwide network of exchanges, over‑the‑counter venues, and decentralized platforms. By providing a unified API that delivers tick‑level information, order‑book depth, and historical snapshots, Kaiko enables hedge funds, exchanges, custodians, and fintech firms to build sophisticated analytics, algorithmic trading strategies, and compliance monitoring tools.
The new round of funding will allow the company to scale its data ingestion pipelines, enhance its cloud‑based processing architecture, and expand its coverage to include emerging assets such as non‑fungible tokens (NFTs), decentralized finance (DeFi) protocols, and layer‑2 scaling solutions. One of the primary objectives of the expanded capital is to launch Kaiko’s continuous market‑data service, a product designed to deliver sub‑second latency feeds that mirror the speed and reliability of traditional equity market data providers.
This service will feature real‑time price discovery, trade‑size analytics, and market‑depth metrics for over 500 crypto‑instruments, including spot, futures, options, and perpetual contracts. By achieving near‑instantaneous data delivery, Kaiko aims to close the performance gap that has historically limited institutional participation in crypto markets, where latency and data quality concerns have been a barrier to entry. In addition to product development, Kaiko plans to invest heavily in compliance and regulatory tooling.
The company will introduce enhanced KYC/AML data tags, transaction‑origin tracing, and audit‑ready reporting capabilities that align with the evolving requirements of regulators in the United States, Europe, and Asia‑Pacific. These features are expected to be particularly valuable for custodians and asset managers who must demonstrate robust oversight of their crypto‑exposures to auditors and supervisory bodies.
The strategic involvement of S&P Global also opens the door for collaborative research initiatives. Both firms intend to explore how standardized crypto‑asset pricing models can be integrated into traditional credit‑rating frameworks, potentially paving the way for rating agencies to assess the creditworthiness of entities with significant digital‑asset holdings. By combining Kaiko’s high‑frequency data with S&P’s analytical expertise, the partnership could produce benchmark indices, risk metrics, and scenario‑analysis tools that become industry standards. From a market perspective, the $110 million raise places Kaiko among the most well‑funded data‑infrastructure startups in the crypto space.
It joins a cohort of companies such as Coin Metrics, The Block, and Messari, all of which have secured sizable rounds to bolster data reliability and breadth. Analysts view Kaiko’s ability to attract both a rating agency and a major bank as a validation of its technology stack and its potential to become the de‑facto data provider for institutional participants. The expanded funding will also support Kaiko’s global expansion strategy. The company plans to open new data‑center nodes in North America, Europe, and the Asia‑Pacific region to reduce latency for regional clients and to comply with data‑sovereignty regulations.
Moreover, Kaiko will hire additional engineers, data scientists, and compliance specialists to deepen its expertise in emerging blockchain protocols, ensuring that its data feeds remain comprehensive as the ecosystem evolves. Kaiko’s CEO emphasized that the company’s mission remains focused on delivering “trustworthy, transparent, and timely data” to power the next wave of financial innovation. He highlighted that the partnership with S&P Global and BNP Paribas not only brings capital but also strategic guidance on scaling operations, navigating regulatory landscapes, and building long‑term relationships with institutional clients.
In summary, the extension of Kaiko’s Series B round to $110 million, bolstered by the entry of S&P Global and BNP Paribas, signals a pivotal moment for the digital‑asset data industry. The additional resources will accelerate the launch of continuous market‑data services, broaden asset coverage, enhance compliance tools, and support global infrastructure growth.
As traditional finance continues to intersect with crypto markets, Kaiko is positioned to become a foundational data layer that underpins trading, risk management, and regulatory reporting for a new generation of market participants.