Kaiko, the leading provider of high‑frequency cryptocurrency market data, announced a significant enlargement of its Series B financing round, bringing the total amount raised to $110 million. The expanded round saw the entry of new strategic investors, most notably S&P Global, alongside existing backers such as BNP Paribas, a major global banking institution, and a consortium of prominent exchange operators. This infusion of capital is earmarked to accelerate Kaiko’s roadmap for delivering continuous, real‑time market data solutions to a broader spectrum of institutional clients, including asset managers, hedge funds, and financial technology firms. The decision to extend the Series B round reflects both the rapid maturation of digital‑asset markets and the growing demand for reliable, granular data streams that can support sophisticated trading strategies, risk‑management frameworks, and regulatory reporting.
As cryptocurrencies transition from niche speculative assets to components of mainstream investment portfolios, the need for trustworthy, standardized data has become a cornerstone for market participants seeking to navigate volatility and comply with emerging oversight requirements. S&P Global’s participation marks a noteworthy development in the intersection of traditional finance and the crypto ecosystem.
Known for its comprehensive credit ratings, market intelligence, and analytics, S&P Global brings a wealth of expertise in data governance, quality assurance, and regulatory compliance. By aligning with Kaiko, S&P Global aims to extend its data‑analytics capabilities into the digital‑asset space, offering its clients a unified view of both conventional and crypto‑based financial instruments.
This partnership is expected to foster the creation of hybrid data products that blend traditional market metrics with on‑chain activity, thereby enriching the analytical toolkit available to institutional investors. BNP Paribas, which has been a long‑standing supporter of Kaiko’s mission, reaffirmed its confidence in the company’s technology stack and growth trajectory. The bank’s involvement underscores a broader trend among legacy financial institutions to embed crypto‑related services within their offerings. BNP Paribas plans to leverage Kaiko’s data infrastructure to enhance its own trading desks, improve client reporting, and develop new digital‑asset investment products.
The bank’s deep network across Europe, Asia, and the Americas also provides Kaiko with valuable market access and distribution channels. In addition to S&P Global and BNP Paribas, the expanded round includes several exchange operators that have already integrated Kaiko’s APIs into their own platforms. These operators recognize the value of a third‑party data aggregator that can consolidate fragmented order‑book information, trade executions, and price feeds across multiple venues. By standardizing data delivery, Kaiko reduces the operational burden on exchanges and enables them to focus on core activities such as market making, liquidity provision, and regulatory compliance.
The $110 million raised will be allocated across three primary growth pillars. First, Kaiko will invest heavily in its data collection infrastructure, expanding coverage to include emerging blockchain networks, decentralized finance (DeFi) protocols, and layer‑2 scaling solutions. This expansion will ensure that the company remains at the forefront of capturing the full breadth of market activity, from high‑volume spot trading to niche token swaps and cross‑chain interactions. Second, the company will accelerate the development of its continuous market‑data services platform.
Unlike traditional snapshot‑based data feeds, continuous services provide an uninterrupted stream of price updates, order‑book depth, and trade‑by‑trade information. This granularity is essential for algorithmic trading strategies that rely on millisecond‑level latency and for risk models that require precise exposure calculations. Kaiko plans to enhance its API suite, introduce advanced subscription tiers, and embed machine‑learning‑driven analytics that can flag anomalies, detect market manipulation, and forecast short‑term price movements.
Third, a portion of the funds will support Kaiko’s global go‑to‑market efforts. The company intends to open new regional offices, recruit local sales and support teams, and forge partnerships with custodians, brokerage firms, and regulatory technology providers.
By establishing a physical presence in key financial hubs such as London, Singapore, and New York, Kaiko aims to deepen relationships with institutional clients and adapt its solutions to meet jurisdiction‑specific compliance standards. Industry observers note that Kaiko’s ability to secure backing from both a credit‑rating powerhouse and a major bank signals a maturing perception of crypto data as a critical infrastructure component. The company’s track record—delivering over 100 TB of clean, normalized data per day to more than 200 enterprise customers—has positioned it as a trusted source in a market often plagued by fragmented and unreliable information. Looking ahead, Kaiko’s leadership anticipates that the expanded funding will enable the firm to capture a larger share of the burgeoning demand for real‑time digital‑asset data.
CEO [Name] emphasized that the company’s vision extends beyond merely supplying raw market statistics; it aspires to become the backbone of the next generation of financial services, where traditional and crypto assets are analyzed side by side, and where data‑driven insights drive smarter investment decisions. With the combined expertise of S&P Global, BNP Paribas, and its exchange partners, Kaiko is well‑positioned to shape the standards and best practices that will define the future of market data in the digital age.
In summary, the extension of Kaiko’s Series B round to $110 million, bolstered by the entry of S&P Global and continued support from BNP Paribas and exchange operators, marks a pivotal moment for the company and the broader crypto‑data ecosystem. The capital infusion will fuel infrastructure upgrades, product innovation, and global expansion, ensuring that institutional participants have access to the high‑quality, continuous data streams necessary to navigate an increasingly complex and integrated financial landscape.