Kaiko, a prominent provider of digital‑asset market data, has announced that its Series B financing round has been expanded to a total of $110 million. The round now includes a strategic investment from S&P Global, the renowned financial‑information and ratings powerhouse, alongside participation from several major traditional banks, including BNP Paribas, and a number of leading exchange operators. This infusion of capital is intended to accelerate Kaiko’s roadmap for delivering continuous, high‑quality market‑data services to a broader range of institutional clients, regulators, and fintech innovators. The decision to broaden the funding round reflects the growing confidence of established financial institutions in the importance of reliable, real‑time data for the rapidly evolving cryptocurrency and digital‑asset markets.
By aligning with S&P Global, Kaiko gains access to a wealth of expertise in data aggregation, analytics, and risk assessment, which will enhance its ability to provide standardized, trustworthy datasets that meet the rigorous compliance and transparency standards demanded by institutional investors. "Our partnership with S&P Global and the involvement of BNP Paribas and other leading banks underscores the critical role that high‑quality market data plays in the maturation of the digital‑asset ecosystem," said Johann R. Lindgren, CEO of Kaiko. "The additional capital will enable us to scale our infrastructure, expand our global coverage, and introduce new continuous‑feed products that deliver granular, low‑latency information to traders, asset managers, and regulators alike." Key objectives of the expanded Series B funding include: 1.
**Infrastructure Expansion** – Investing in robust, low‑latency data pipelines and cloud‑based processing capabilities to handle the increasing volume and velocity of blockchain transactions across multiple networks. 2.
**Product Development** – Launching a suite of continuous‑feed services that provide real‑time price, order‑book, and on‑chain metrics, as well as advanced analytics such as liquidity depth, market‑impact models, and anomaly detection. 3. **Regulatory Compliance** – Building out compliance‑focused data products that help financial institutions meet reporting obligations under emerging crypto‑regulatory frameworks, including AML/KYC and market‑surveillance requirements. 4.
**Geographic Reach** – Extending coverage to emerging markets and additional blockchain protocols, ensuring that clients receive a truly global view of digital‑asset activity. 5. **Talent Acquisition** – Recruiting top engineers, data scientists, and compliance experts to support the expanded product suite and maintain Kaiko’s reputation for data accuracy and reliability.
The involvement of S&P Global is particularly significant because it brings a legacy of data integrity and standard‑setting to the crypto space. S&P Global’s analysts will work closely with Kaiko’s team to develop methodologies for normalizing disparate data sources, creating reference benchmarks, and establishing best‑practice reporting formats that can be adopted across the industry.
This collaboration aims to reduce the fragmentation that has historically plagued crypto‑market data, where inconsistent pricing feeds and varying data definitions have hampered institutional adoption. BNP Paribas, a major player in global banking, adds another layer of strategic value. The bank’s participation signals a broader shift among traditional financial institutions toward embracing digital assets as part of their service offerings. BNP Paribas plans to integrate Kaiko’s data into its own trading platforms and risk‑management tools, providing its corporate and institutional clients with deeper insights into crypto‑market dynamics.
In addition to the named investors, several exchange operators have also contributed to the round, highlighting the mutual interest in creating a more transparent and efficient market infrastructure. By supplying high‑quality data back to exchanges, Kaiko helps improve price discovery, reduce latency arbitrage opportunities, and support the development of more sophisticated trading algorithms. The expanded funding round arrives at a pivotal moment for the digital‑asset industry.
Over the past year, regulatory scrutiny has intensified, with authorities worldwide seeking clearer visibility into crypto‑trading activity to combat illicit finance and protect investors. Reliable, continuous market data is a cornerstone of effective oversight, enabling regulators to monitor market manipulation, assess systemic risk, and enforce compliance. Kaiko’s roadmap, now bolstered by the additional $110 million, includes the rollout of a new API platform that will deliver sub‑second updates on trade executions, order‑book depth, and on‑chain events across major cryptocurrencies such as Bitcoin, Ethereum, and emerging layer‑2 solutions.
The platform will also feature customizable data streams, allowing clients to tailor the granularity and frequency of updates to their specific use cases—whether for high‑frequency trading, portfolio valuation, or academic research. Furthermore, Kaiko intends to launch a suite of analytical tools that leverage machine‑learning techniques to identify patterns, predict volatility spikes, and flag potential market manipulation. These tools will be packaged as SaaS solutions, making advanced analytics accessible to firms that may not have the resources to develop in‑house capabilities. From an industry perspective, the infusion of capital and the partnership with S&P Global could set a new benchmark for data standards in the crypto space.
As more institutions demand consistent, auditable data, providers like Kaiko are positioned to become the de‑facto source of truth, much like Bloomberg or Refinitiv have been for traditional finance. In summary, Kaiko’s expanded Series B round to $110 million, anchored by S&P Global and supported by BNP Paribas and other leading financial entities, marks a decisive step toward mainstreaming digital‑asset market data.
The funding will empower Kaiko to enhance its infrastructure, broaden its product offerings, and deepen its compliance capabilities, thereby fostering greater transparency, liquidity, and trust in the burgeoning crypto market. This development not only benefits Kaiko’s existing client base but also paves the way for wider institutional participation, ultimately contributing to the maturation and stability of the global digital‑asset ecosystem.