Kaiko, a leading provider of digital‑asset market data, has announced that its Series B financing round has been expanded to a total of $110 million. The round now includes a notable new investor, S&P Global, alongside existing backers such as BNP Paribas and several other prominent financial institutions and exchange operators. This infusion of capital is earmarked to accelerate Kaiko’s strategic push into continuous market‑data services, a segment that is rapidly gaining importance as institutional investors seek more reliable, real‑time insight into cryptocurrency markets.
The decision by S&P Global—a global powerhouse in financial ratings, analytics, and data—to join the round signals a growing convergence between traditional finance and the burgeoning crypto ecosystem. S&P Global’s involvement is not merely a financial endorsement; it also brings a wealth of expertise in data integrity, regulatory compliance, and market standards. By partnering with Kaiko, S&P Global aims to leverage its own data infrastructure to enhance the quality and breadth of crypto‑market information, thereby offering its clients a more comprehensive view of both legacy and digital assets. BNP Paribas, one of Europe’s largest banks, continues to play a pivotal role in the financing round.
The bank’s participation underscores its commitment to integrating digital‑asset services into its broader suite of financial products. BNP Paribas has already been exploring blockchain technology for settlement and clearing, and its investment in Kaiko aligns with a longer‑term strategy to provide its corporate and institutional clients with sophisticated crypto‑market data solutions.
Other participants in the round include a mix of exchange operators, venture‑capital firms, and fintech innovators who share a common belief that high‑quality, real‑time data is a foundational layer for the next generation of financial products. These investors collectively recognize that as the cryptocurrency market matures, the demand for continuous, low‑latency data feeds will only intensify. Traders, asset managers, and custodians require granular price information, order‑book depth, and historical analytics to build robust risk‑management frameworks and to develop algorithmic trading strategies. Kaiko’s expansion plan focuses on three core pillars.
First, the company will scale its infrastructure to support continuous data delivery across a broader set of digital assets, including emerging tokens and decentralized finance (DeFi) instruments. This involves upgrading its data ingestion pipelines, enhancing redundancy, and ensuring ultra‑low latency across global data centers.
Second, Kaiko intends to broaden its product suite by introducing new analytics tools, such as real‑time volatility indices, on‑chain activity dashboards, and predictive market‑trend models powered by machine learning. These tools are designed to give institutional clients actionable insights that go beyond simple price ticks.
Third, the firm will deepen its compliance and regulatory offerings, providing clients with built‑in AML/KYC checks, transaction monitoring, and audit‑ready data logs that meet the stringent requirements of regulators worldwide. The market context for Kaiko’s growth is compelling. Over the past two years, cryptocurrency trading volumes have surged, with daily spot‑market turnover regularly exceeding $100 billion. Institutional participation has risen sharply, driven by the entry of hedge funds, family offices, and sovereign wealth funds seeking exposure to digital assets.
However, many of these participants have cited data quality and reliability as major barriers to entry. Traditional market‑data providers have been slower to adapt to the unique challenges of crypto markets, such as fragmented exchanges, varying data standards, and the need for near‑real‑time updates. Kaiko’s mission to become the “Goldman Sachs of crypto data” positions it to fill this gap.
In addition to the financial backing, the round brings strategic synergies. S&P Global’s extensive network of rating agencies and research analysts can collaborate with Kaiko to develop standardized crypto‑asset rating frameworks, a long‑awaited tool for risk‑aware investors. BNP Paribas can integrate Kaiko’s data feeds into its trading platforms, offering its clients seamless access to both traditional and digital‑asset markets from a single interface. Moreover, the involvement of exchange operators ensures that Kaiko’s data pipelines remain directly connected to the source, reducing latency and enhancing data fidelity.
Looking ahead, Kaiko’s leadership anticipates that the continuous‑data services market will evolve into a multi‑billion‑dollar industry within the next five years. The company plans to use the new capital to hire additional engineers, data scientists, and compliance specialists, as well as to expand its sales and client‑success teams globally. By establishing regional hubs in North America, Europe, and Asia‑Pacific, Kaiko aims to provide localized support and to comply with regional data‑privacy regulations, such as GDPR in Europe and the forthcoming data‑protection rules in the United States. In summary, the expanded $110 million Series B round, now bolstered by S&P Global’s participation, marks a significant milestone for Kaiko.
It reflects a broader industry trend where traditional financial giants are increasingly recognizing the strategic importance of high‑quality crypto‑market data. With this new funding, Kaiko is well‑positioned to accelerate its roadmap, deliver continuous market‑data services at scale, and cement its role as a critical infrastructure provider in the evolving digital‑asset landscape.