Kaiko, a fast‑growing provider of digital‑asset market data, has announced that it is broadening its Series B financing round to a total of $110 million. The expanded round now includes a strategic investment from S&P Global, the world‑renowned financial‑information and ratings firm, as well as a commitment from BNP Paribas, one of Europe’s largest banking groups.
The additional capital brings the total amount raised in the Series B round to $110 million, a significant increase from the original target, and underscores the confidence that both traditional financial institutions and crypto‑focused investors have in Kaiko’s vision and execution. The funding round was already notable for its diverse roster of backers, which includes several leading exchange operators, boutique asset‑management firms, and other established banks. By adding S&P Global to the mix, Kaiko not only secures a deep‑pocketed partner but also gains access to a wealth of expertise in data analytics, risk assessment, and regulatory compliance—areas that are increasingly critical as digital‑asset markets mature and attract mainstream participation. BNP Paribas, meanwhile, brings a strong presence in European capital markets and a robust network of institutional clients who are eager for reliable, real‑time crypto‑price feeds and historical datasets.
Kaiko’s core business revolves around aggregating, normalizing, and delivering high‑quality market data for a broad spectrum of digital assets, including cryptocurrencies, tokens, and decentralized finance (DeFi) instruments. The company’s platform aggregates data from dozens of exchanges worldwide, cleanses it to remove anomalies, and then offers it through APIs, dashboards, and bulk‑download services.
This data is used by hedge funds, trading firms, fintech startups, and academic researchers who need accurate, timely information to build models, execute strategies, and meet reporting obligations. The newly raised funds will be deployed across several strategic initiatives. First, Kaiko plans to accelerate the development of its continuous market‑data services, a next‑generation offering that aims to deliver tick‑by‑tick price updates with sub‑second latency. This capability is essential for algorithmic traders and high‑frequency trading desks that rely on the most granular data to gain an edge in volatile crypto markets.
Second, the company will expand its coverage to include a broader array of digital assets, especially emerging tokens that are gaining traction in the DeFi ecosystem. By increasing the breadth of its data, Kaiko hopes to become the go‑to source for comprehensive market intelligence, reducing the need for clients to stitch together information from multiple fragmented providers. A third focus area is compliance and regulatory reporting.
As regulators around the world tighten oversight of crypto‑related activities, institutions need robust data to satisfy anti‑money‑laundering (AML) checks, know‑your‑customer (KYC) requirements, and financial‑statement disclosures. Kaiko intends to embed additional metadata—such as trade‑size distributions, exchange‑level order‑book depth, and counter‑party identifiers—into its data streams, making it easier for clients to generate audit‑ready reports.
The partnership with S&P Global will be instrumental in shaping these compliance‑focused features, given the ratings agency’s long history of building data‑driven risk models for traditional financial markets. From a geographic perspective, Kaiko will use part of the capital to strengthen its presence in key regions, including North America, Europe, and Asia‑Pacific. This includes opening new offices, hiring local market‑data engineers, and forging deeper relationships with regional exchanges and custodians. By establishing a more localized footprint, Kaiko can better navigate the regulatory nuances of each jurisdiction and provide clients with data that reflects regional market dynamics.
The involvement of BNP Paribas also opens doors to a wider client base within the banking sector. Many of BNP Paribas’s corporate and institutional customers are actively exploring crypto‑related services, from custody solutions to structured products.
Kaiko’s data can serve as the backbone for pricing these offerings, conducting risk assessments, and monitoring market exposure. Moreover, the bank’s experience in delivering large‑scale data infrastructure will help Kaiko scale its own systems to handle the anticipated surge in data volume as the crypto market continues to expand. Industry observers view the enlarged Series B round as a bellwether for the broader acceptance of crypto‑market data among mainstream finance.
Historically, the lack of reliable, standardized data has been a barrier to institutional entry, with many firms reluctant to allocate capital to an ecosystem where price feeds were inconsistent or prone to manipulation. Kaiko’s success in attracting heavyweight investors signals that the market is maturing and that high‑quality data is now seen as a critical infrastructure layer, comparable to the role of Bloomberg or Refinitiv in traditional equities and fixed‑income markets.
Looking ahead, Kaiko’s leadership has outlined a roadmap that includes the rollout of advanced analytics tools, such as predictive price models, sentiment analysis derived from on‑chain activity, and risk‑adjusted performance metrics. These value‑added services will be built on top of the core data offering and are intended to help clients move beyond raw numbers to actionable insights.
The company also plans to explore partnerships with cloud providers to offer data-as-a-service (DaaS) solutions that can be seamlessly integrated into clients’ existing technology stacks. In summary, the expansion of Kaiko’s Series B round to $110 million, bolstered by the participation of S&P Global and BNP Paribas, marks a pivotal moment for the firm and the digital‑asset data industry at large.
The infusion of capital will accelerate product development, broaden market coverage, enhance compliance capabilities, and deepen geographic reach. With these resources, Kaiko is well positioned to become the definitive source of continuous, high‑fidelity market data for the next generation of crypto‑focused investors, traders, and regulators, bridging the gap between the nascent world of digital assets and the rigor of established financial markets.