Kaiko, a rapidly growing provider of cryptocurrency market data, announced today that it has broadened its Series B financing round to a total of $110 million. The enlarged round brings together a mix of established financial institutions, technology firms, and exchange operators, with the most notable new entrant being the global ratings powerhouse S&P Global. Other prominent participants include BNP Paribas, a leading European bank, as well as several other strategic investors who have previously backed Kaiko’s vision of delivering high‑quality, real‑time data to the digital‑asset ecosystem.
The decision to increase the size of the Series B round reflects both Kaiko’s accelerated growth trajectory and the expanding demand for reliable, granular market‑data solutions in the cryptocurrency space. Over the past year, the firm has secured contracts with a growing number of institutional clients—ranging from hedge funds and asset managers to traditional banks seeking to enter the crypto market.
These clients require continuous, low‑latency data streams that can power trading algorithms, risk‑management systems, and compliance tools. By scaling its data infrastructure and expanding its product suite, Kaiko aims to become the de‑facto standard for institutional-grade crypto market data. "We are thrilled to welcome S&P Global and BNP Paribas to our investor community," said Johann Gauthier, CEO of Kaiko. "Their involvement not only provides us with additional capital to accelerate product development and global expansion, but also validates the importance of robust, transparent data for the broader financial industry.
As regulators and market participants increasingly demand higher standards of data integrity, our mission to deliver trustworthy, real‑time information becomes ever more critical." S&P Global’s participation signals a strategic move by the ratings and analytics firm to deepen its footprint in the digital‑asset sector. The company has been actively exploring ways to incorporate cryptocurrency data into its existing suite of risk‑assessment tools, recognizing that accurate market information is essential for evaluating the creditworthiness and systemic risk of crypto‑related exposures. By investing in Kaiko, S&P Global gains direct access to a leading data source, enabling it to enhance its own analytics and offer more comprehensive solutions to its clients.
BNP Paribas, meanwhile, sees the investment as a bridge between traditional finance and the emerging crypto economy. The bank has recently launched several initiatives aimed at integrating digital assets into its product offerings, including custody services and token‑based investment vehicles. Partnering with Kaiko allows BNP Paribas to tap into a reliable data pipeline that can underpin these new services, ensuring that the bank can meet the stringent compliance and performance requirements of its institutional clientele.
The additional funds will be allocated across three primary areas. First, Kaiko plans to further develop its continuous market‑data platform, which delivers tick‑by‑tick price updates, order‑book depth, and trade‑level information across a wide range of crypto‑exchange venues. This platform is designed to support high‑frequency trading strategies and to provide the granular visibility needed for sophisticated risk models.
Second, the company will invest in expanding its geographic footprint, establishing data‑center nodes in key regions such as North America, Europe, and Asia‑Pacific to reduce latency and improve redundancy. Finally, Kaiko intends to broaden its product catalog by introducing new analytics modules, including on‑chain metrics, sentiment indicators, and compliance‑focused data feeds that can help clients navigate evolving regulatory landscapes.
Industry observers note that Kaiko’s ability to attract capital from both traditional finance and crypto‑native players underscores a broader convergence trend. As institutional money continues to flow into digital assets, the need for high‑quality data becomes a competitive differentiator. Companies that can offer transparent, auditable, and real‑time information are positioned to become indispensable partners for banks, asset managers, and fintech firms alike. The enlarged Series B round also brings a wealth of expertise to Kaiko’s boardroom.
Representatives from S&P Global and BNP Paribas will join the company’s advisory council, providing strategic guidance on regulatory compliance, risk management, and market‑entry strategies. Their experience in navigating complex financial ecosystems is expected to accelerate Kaiko’s roadmap and help the firm address the nuanced challenges of scaling data operations in a highly fragmented market.
Looking ahead, Kaiko’s leadership is confident that the infusion of capital and strategic insight will enable the company to solidify its position as the go‑to source for institutional crypto data. The firm plans to launch a suite of new APIs and data‑delivery mechanisms over the next 12‑18 months, targeting not only traditional financial institutions but also emerging players such as decentralized finance (DeFi) platforms and blockchain‑based lending protocols. By doing so, Kaiko aims to bridge the gap between legacy finance and the decentralized economy, fostering greater transparency and efficiency across the entire digital‑asset landscape.
In summary, the extension of Kaiko’s Series B financing to $110 million, bolstered by the involvement of S&P Global, BNP Paribas, and other strategic investors, marks a pivotal moment for the company and the broader crypto‑data industry. The capital will fuel product innovation, global expansion, and deeper integration with traditional financial services, positioning Kaiko to meet the escalating demand for reliable, real‑time market data as the digital‑asset market matures.