Kaiko, a fast‑growing provider of digital‑asset market data, has announced that its Series B financing round has been enlarged 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, alongside participation 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 services to institutional investors, traders, and fintech innovators across the globe. The decision to broaden the round reflects both Kaiko’s impressive traction to date and the escalating demand for reliable, real‑time data in the cryptocurrency and broader digital‑asset ecosystem.
Since its inception, Kaiko has built a robust infrastructure that aggregates, normalises, and distributes price and trade information from more than 300 exchanges, covering thousands of crypto‑assets. Clients range from hedge funds and asset managers to exchanges, custodians, and regulatory bodies that require granular, historically accurate data to inform risk models, compliance checks, and trading strategies.
By welcoming S&P Global as a new shareholder, Kaiko gains not only additional financial resources but also access to a wealth of expertise in data governance, analytics, and global market standards. S&P Global’s reputation for rigorous data quality and its extensive network of institutional clients can help Kaiko refine its product suite, enhance data‑delivery latency, and expand coverage into emerging markets where regulatory frameworks are still evolving. The partnership is also expected to foster collaborative research initiatives aimed at improving transparency and standardisation across crypto‑asset markets. BNP Paribas, a leading European bank with a strong foothold in digital‑asset services, continues to support Kaiko’s mission by providing strategic guidance on navigating the complex regulatory landscape that accompanies the rapid adoption of crypto‑based financial products.
Their involvement underscores a broader trend among traditional financial institutions: an increasing willingness to allocate capital to infrastructure that underpins the digital‑asset economy, recognizing that reliable data is a prerequisite for mainstream adoption. In addition to S&P Global and BNP Paribas, the extended round includes contributions from several other well‑known exchange operators and banks, each bringing unique insights into market microstructure, liquidity provision, and client needs. Collectively, these investors signal confidence in Kaiko’s ability to become a cornerstone of the digital‑asset data stack, much like Bloomberg or Refinitiv serve the traditional finance world. The newly raised funds will be deployed across multiple fronts.
First, Kaiko plans to invest heavily in its data‑collection pipelines, expanding the number of exchanges it connects to and increasing the depth of historical data it archives. This will involve scaling server capacity, enhancing data‑validation algorithms, and hiring additional engineers and data scientists to ensure that the information delivered is both accurate and timely. Second, the company aims to launch a suite of continuous‑feed products that provide real‑time price ticks, order‑book snapshots, and transaction‑level details with sub‑second latency. These offerings are tailored for algorithmic traders and market‑making firms that rely on ultra‑fast data to execute strategies and manage risk.
Third, Kaiko will allocate resources toward regulatory‑tech (RegTech) solutions that help clients meet the growing compliance obligations associated with crypto‑asset trading. By integrating compliance‑ready data streams—such as anti‑money‑laundering (AML) alerts, know‑your‑customer (KYC) verification points, and transaction‑traceability features—Kaiko hopes to become a one‑stop shop for institutions that must satisfy both domestic and international reporting requirements. Finally, a portion of the capital will support global expansion initiatives. Kaiko intends to open new offices in regions where demand for high‑quality crypto data is surging, including Asia‑Pacific and the Middle East.
Local presence will enable closer collaboration with regional exchanges, regulators, and corporate clients, fostering a more nuanced understanding of market dynamics and facilitating faster product localisation. Industry observers note that Kaiko’s ability to secure backing from a heavyweight like S&P Global marks a pivotal moment for the crypto‑data sector.
It suggests that the broader financial community now views digital‑asset data as a critical infrastructure component, comparable to traditional equity and fixed‑income data services. As institutional participation in crypto markets continues to rise, the need for trustworthy, standardized, and continuously updated data will only intensify. In summary, the expanded $110 million Series B round positions Kaiko to accelerate its growth trajectory, deepen its data capabilities, and broaden its global footprint.
With strategic investors that bring both capital and domain expertise, Kaiko is well‑placed to become a leading provider of continuous market‑data services, helping to bridge the gap between the nascent crypto ecosystem and the established world of institutional finance.