Kaiko, the data‑technology firm that supplies real‑time and historical cryptocurrency market information to institutional investors, has announced the successful close of an expanded Series B financing round that brings the total capital raised to $110 million. The round was led by S&P Global, the global financial‑information and ratings powerhouse, and included participation from several prominent financial institutions, notably BNP Paribas, as well as a consortium of leading exchange operators and other strategic investors. The infusion of capital marks a pivotal moment for Kaiko as it seeks to broaden its suite of services beyond the traditional snapshot and end‑of‑day data sets that have historically dominated the crypto‑data landscape. With the new funding, the company plans to accelerate the development of continuous, high‑frequency market data streams that can be integrated directly into the trading, risk‑management, and compliance workflows of banks, hedge funds, and other institutional participants.
By delivering a more granular, low‑latency view of crypto‑asset price movements, Kaiko aims to close the gap between the infrastructure available to traditional asset classes and the emerging digital‑asset market. "Our mission has always been to bring the same level of data integrity and reliability to crypto markets that investors have come to expect from equities, fixed income, and commodities," said Johann Henschel, CEO of Kaiko.
"The participation of S&P Global and BNP Paribas not only validates the strategic importance of our vision but also provides us with the expertise and distribution channels needed to embed our data solutions into the core systems of the world’s leading financial institutions." S&P Global’s involvement underscores a broader industry trend where legacy financial‑services firms are deepening their exposure to digital assets. By partnering with Kaiko, S&P Global intends to enrich its own data offerings with crypto‑specific analytics, thereby giving its clients a more comprehensive view of risk and opportunity across both traditional and digital markets. "The crypto ecosystem has matured rapidly, and high‑quality, continuous market data is a critical piece of that evolution," said a spokesperson for S&P Global.
"Kaiko’s technology platform and its commitment to data accuracy make it an ideal partner for us as we expand our coverage of this asset class." BNP Paribas, one of Europe’s largest banks, also highlighted the strategic relevance of the investment. The bank is actively exploring ways to incorporate digital‑asset products into its portfolio for both corporate and wealth‑management clients. Access to Kaiko’s robust data pipelines will enable BNP Paribas to build more sophisticated pricing models, conduct real‑time risk assessments, and comply with emerging regulatory requirements surrounding crypto‑asset reporting.
Beyond the headline investors, the round attracted a mix of exchange operators—including representatives from leading spot and derivatives venues—who see Kaiko’s data as a catalyst for improving market transparency and liquidity. Continuous market data, delivered via standardized APIs, can help exchanges monitor order‑book dynamics, detect anomalies, and provide traders with the actionable insights needed to execute strategies efficiently. The additional capital will be allocated across several key initiatives: 1. **Technology Scaling**: Expanding the underlying infrastructure to handle higher data throughput, ensuring sub‑second latency for millions of price updates per second across dozens of crypto‑asset pairs.
2. **Product Development**: Launching new data products such as tick‑by‑tick trade feeds, order‑book depth snapshots, and derived analytics like volatility indices and market‑microstructure metrics. 3. **Regulatory Compliance Tools**: Building out modules that help clients meet anti‑money‑laundering (AML) and know‑your‑customer (KYC) obligations by linking transaction data with on‑chain analytics.
4. **Global Market Expansion**: Establishing regional data hubs in North America, Europe, and Asia‑Pacific to reduce latency for local clients and comply with data‑sovereignty regulations. 5.
**Talent Acquisition**: Recruiting engineers, data scientists, and compliance experts to bolster the company’s capacity to innovate and support a growing client base. Industry analysts view Kaiko’s expanded funding as a signal that the market for institutional‑grade crypto data is moving from a niche offering to a core component of modern financial infrastructure. As more asset managers allocate capital to digital assets, the demand for reliable, continuous data feeds is expected to surge.
In addition, regulatory bodies worldwide are drafting guidelines that will likely require firms to maintain detailed records of crypto‑asset transactions, further driving the need for high‑quality data solutions. The competitive landscape includes a handful of other data providers, but Kaiko differentiates itself through its focus on data completeness, low latency, and a commitment to open‑source standards that facilitate integration with existing trading and risk‑management platforms. The company’s partnership network now spans major exchanges, custodians, and fintech platforms, positioning it as a central hub for the flow of crypto‑market information. Looking ahead, Kaiko plans to roll out its continuous data services to a broader set of clients over the next 12‑18 months, with pilot programs already underway at several multinational banks and hedge funds.
The firm also intends to explore synergies with S&P Global’s broader analytics suite, potentially offering combined insights that blend traditional financial metrics with crypto‑specific signals. In summary, the $110 million Series B round, bolstered by the participation of S&P Global, BNP Paribas, and a coalition of exchange operators, provides Kaiko with the financial muscle and strategic partnerships needed to accelerate its mission of delivering continuous, high‑quality market data to the institutional crypto ecosystem. This development not only strengthens Kaiko’s market position but also reflects the growing convergence between legacy finance and the burgeoning digital‑asset sector.