Kaiko, a leading provider of digital‑asset market data, has announced a significant expansion of its Series B financing round, raising a total of $110 million. The round now includes new strategic investors such as S&P Global, the world‑renowned credit‑rating and financial‑information firm, alongside BNP Paribas, one of Europe’s largest banking groups. Existing backers, including prominent exchange operators and other traditional financial institutions, also participated, underscoring broad confidence in Kaiko’s vision for the future of cryptocurrency market data.
The infusion of capital is earmarked for a multi‑phase growth strategy that focuses on scaling Kaiko’s continuous market‑data services, enhancing its technology stack, and extending its global footprint. As digital assets become increasingly integrated into mainstream finance, the demand for reliable, real‑time data has surged. Institutional investors, hedge funds, and corporate treasuries now require granular, high‑frequency information to manage risk, comply with regulatory requirements, and execute sophisticated trading strategies.
Kaiko’s platform, which aggregates and normalizes data from dozens of exchanges, aims to meet these exacting standards. S&P Global’s participation is particularly noteworthy. The rating agency has been expanding its data‑analytics portfolio to include alternative asset classes, and its partnership with Kaiko signals a commitment to delivering comprehensive insights into the crypto market. By leveraging Kaiko’s extensive data feeds, S&P Global intends to develop new analytics products that can be integrated into its existing suite of credit‑risk and market‑intelligence tools.
This collaboration could enable investors to assess the creditworthiness of crypto‑related issuers, evaluate exposure to digital‑asset volatility, and incorporate crypto metrics into broader macro‑economic models. BNP Paribas, meanwhile, brings deep banking expertise and a robust client network across Europe, Asia, and the Americas. The bank’s involvement is expected to accelerate Kaiko’s penetration into institutional channels, providing its clients with direct access to high‑quality, continuous market data. BNP Paribas plans to embed Kaiko’s APIs into its own trading platforms, allowing corporate treasury departments and asset‑management divisions to monitor price movements, order‑book depth, and liquidity conditions across a wide array of tokens in real time.
Beyond the immediate benefits of the new investors, the funding round reflects a broader trend of traditional finance entities seeking footholds in the rapidly evolving crypto ecosystem. Over the past two years, many banks and rating agencies have launched dedicated crypto‑research units, created digital‑asset desks, or partnered with fintech firms to stay ahead of regulatory changes and client demand.
Kaiko’s ability to attract both a credit‑rating powerhouse and a major banking institution highlights the growing consensus that reliable market data is a foundational layer for the maturation of digital‑asset markets. With the additional capital, Kaiko intends to invest heavily in its data infrastructure.
This includes expanding its network of exchange connections, improving latency and data‑integrity mechanisms, and developing advanced analytics dashboards for end‑users. The company also plans to launch a suite of new products, such as continuous‑feed pricing APIs, historical tick‑by‑tick datasets, and machine‑learning‑driven anomaly detection tools.
These offerings will cater to a diverse clientele ranging from quantitative hedge funds that require millisecond‑level price feeds to compliance teams that need audit‑ready records of transaction histories. Geographically, Kaiko aims to broaden its presence in key markets.
While the firm already supports major North American and European exchanges, it will target emerging hubs in the Asia‑Pacific region, where trading volumes for cryptocurrencies have shown robust growth. Establishing local data‑centers and forging partnerships with regional exchanges will help reduce latency and improve data reliability for traders operating in those time zones. Regulatory compliance is another focal point of the expansion plan. As governments worldwide tighten oversight of digital‑asset activities, firms that can provide transparent, verifiable data will enjoy a competitive edge.
Kaiko is working closely with legal experts and regulators to ensure its data collection practices meet the highest standards of data protection and anti‑money‑laundering (AML) requirements. The involvement of S&P Global, which has extensive experience navigating global regulatory frameworks, is expected to accelerate Kaiko’s compliance roadmap. Industry observers note that Kaiko’s move to secure a $110 million Series B round places it among the most well‑funded data‑service providers in the crypto space.
Competitors such as Coin Metrics, Kaiko’s former rival, and newer entrants like Messari have also raised substantial capital, but Kaiko’s unique blend of deep‑market coverage, low‑latency delivery, and strategic partnerships differentiates it. The company’s leadership believes that the combination of financial backing and technical expertise will enable it to set new industry standards for data quality and accessibility. In summary, Kaiko’s expanded Series B financing, bolstered by the entry of S&P Global and BNP Paribas, marks a pivotal moment for the company and the broader digital‑asset data market.
The capital will fund technological upgrades, product diversification, and global expansion, while the strategic investors bring credibility, distribution channels, and regulatory insight. As the crypto ecosystem continues to mature, reliable, continuous market data will be indispensable for institutional participants, and Kaces is positioning itself at the forefront of that critical infrastructure.