Kaiko, a prominent provider of digital‑asset market data, has announced a significant expansion of its Series B financing round, raising a total of $110 million. The enlarged round now includes the participation of S&P Global, the world‑renowned financial‑information and ratings powerhouse, alongside a consortium of leading traditional banks and exchange operators, such as BNP Paribas. This infusion of capital is earmarked to accelerate Kaiko’s strategic push into continuous, real‑time market‑data services, a sector that is rapidly gaining importance as cryptocurrency markets mature and institutional investors demand higher‑quality, reliable data streams. The decision by S&P Global to join the round underscores a broader industry trend: legacy financial institutions are increasingly recognizing the critical role of crypto‑related data in their risk‑assessment, compliance, and investment‑decision processes.
By aligning with Kaiko, S&P Global gains direct access to a robust data infrastructure that can be integrated into its own analytics platforms, enriching its suite of offerings for clients who are navigating the evolving digital‑asset landscape. For Kaiko, the partnership brings not only financial resources but also the credibility and market reach that a brand like S&P Global commands. BNP Paribas, a major European banking group with a strong presence in capital markets, also joined the funding round, reflecting its commitment to staying at the forefront of fintech innovation. The bank’s involvement signals a strategic intent to incorporate high‑frequency, granular crypto‑market data into its own trading, treasury, and advisory services.
By doing so, BNP Paribas aims to better serve its corporate and institutional clientele, many of whom are seeking exposure to digital assets while requiring the same level of data integrity and regulatory compliance they expect from traditional markets. In addition to S&P Global and BNP Paribas, the round attracted participation from a number of other traditional banks, exchange operators, and venture‑capital firms that have been closely monitoring the growth of the crypto‑data ecosystem.
Their collective investment demonstrates confidence in Kaiko’s technology stack, which includes a suite of APIs delivering real‑time price feeds, order‑book depth, trade‑by‑trade data, and historical market information across a wide array of digital‑asset exchanges. Kaiko’s platform is built to handle the massive volume and velocity of data generated by modern crypto markets, ensuring low latency and high reliability—features that are essential for institutional traders, hedge funds, and asset managers. The expanded funding will be deployed across several key initiatives. First, Kaiko plans to enhance its data‑collection infrastructure, expanding coverage to include more regional and niche exchanges that have historically been under‑represented in mainstream data feeds.
This broader coverage will provide a more complete view of market activity, helping clients identify arbitrage opportunities, assess liquidity risk, and monitor market sentiment across the entire crypto ecosystem. Second, the company will invest heavily in its continuous market‑data services, moving beyond traditional snapshot‑type data delivery toward a model that offers uninterrupted, real‑time streams.
This shift is crucial for algorithmic trading strategies that rely on sub‑second data to execute trades, as well as for risk‑management systems that need up‑to‑the‑minute visibility into price movements and order‑book dynamics. By delivering a truly continuous data feed, Kaiko aims to become the de‑facto standard for institutional-grade crypto market data, comparable to the role that Bloomberg and Reuters play in traditional finance.
Third, Kaiko intends to bolster its compliance and regulatory reporting capabilities. As regulators around the world tighten oversight of digital‑asset activities, having accurate, auditable data becomes a competitive advantage.
The new capital will support the development of advanced analytics tools that can help clients meet anti‑money‑laundering (AML) and know‑your‑customer (KYC) requirements, as well as generate detailed transaction reports for regulatory filings. Finally, a portion of the funds will be allocated to talent acquisition and research.
Kaiko plans to expand its engineering, data‑science, and product teams, hiring experts with deep experience in high‑frequency trading, cloud infrastructure, and financial data standards. This talent boost will accelerate product innovation, enabling the rollout of new features such as predictive analytics, machine‑learning‑driven market insights, and customizable data packages tailored to specific industry verticals. Industry observers note that Kaiko’s ability to secure backing from such heavyweight institutions is a testament to the growing legitimacy of crypto‑market data as a core component of modern finance.
The involvement of S&P Global, in particular, may pave the way for further collaborations between traditional rating agencies and crypto‑focused data providers, potentially leading to new credit‑rating models that incorporate digital‑asset exposure. Looking ahead, Kaiko’s expanded Series B round positions the company to capitalize on the accelerating demand for high‑quality, real‑time crypto data. As institutional participation in digital assets continues to rise, the need for reliable, compliant, and comprehensive market information will only become more critical.
With the support of S&P Global, BNP Paribas, and other leading financial players, Kaiko is well‑placed to drive the next wave of innovation in the crypto‑data space, delivering the tools and insights that market participants need to navigate an increasingly complex and fast‑moving landscape.