Kaiko, a fast‑growing provider of digital‑asset market data, has announced that it has expanded its Series B financing round to a total of $110 million. The round now includes a strategic investment from S&P Global, the world‑renowned financial‑information and ratings firm, alongside participation from major traditional banks such as BNP Paribas and a consortium of exchange operators.
This infusion of capital is intended to accelerate Kaiko’s roadmap for delivering continuous, high‑frequency market‑data services to institutional investors, fintech firms, and other market participants who rely on timely, reliable information about cryptocurrencies and other digital assets. The decision to bring S&P Global on board marks a significant milestone for Kaiko. S&P Global’s expertise in data analytics, risk assessment, and credit rating provides a complementary layer of credibility and technical know‑how that can help Kaiko refine its data‑quality frameworks and expand its product suite.
"Partnering with S&P Global gives us access to a deep reservoir of data‑science talent and a global network of financial institutions," said Jan Michaud, CEO of Kaiko. "Their endorsement not only validates the robustness of our platform but also opens doors to new use‑cases in risk management, compliance, and regulatory reporting." BNP Paribas, one of Europe’s largest banks, also reaffirmed its commitment to the digital‑asset ecosystem by increasing its stake in the round.
The bank has been actively exploring blockchain‑based solutions for trade finance and cross‑border payments, and sees Kaiko’s data infrastructure as a critical component for building secure, transparent, and efficient financial products. "Accurate, real‑time market data is the lifeblood of any trading operation," said Marie‑Claude Dupont, Head of Innovation at BNP Paribas.
"Kaiko’s platform gives us the granularity and speed we need to develop next‑generation services for our clients, whether they are trading Bitcoin futures or managing exposure to emerging tokenized assets." In addition to S&P Global and BNP Paribas, several exchange operators—both legacy venues and newer crypto‑centric platforms—joined the funding round. Their involvement underscores a growing consensus across the industry that high‑quality, standardized data feeds are essential for market integrity and investor confidence.
By pooling resources, these stakeholders aim to create a more interoperable data ecosystem that reduces fragmentation and lowers barriers to entry for smaller market participants. The newly raised capital will be allocated across three primary initiatives. First, Kaiko plans to scale its data‑collection infrastructure, deploying additional nodes in key geographic regions to ensure low‑latency coverage of both spot and derivatives markets. This expansion will enable the company to capture micro‑second price movements across a broader array of exchanges, thereby delivering truly continuous data streams that can support algorithmic trading strategies and real‑time risk analytics.
Second, the company will invest heavily in product development, focusing on advanced analytics, machine‑learning‑driven insights, and customizable dashboards. These tools are designed to help institutional clients transform raw tick data into actionable intelligence, such as volatility forecasts, order‑book depth visualizations, and anomaly detection alerts. By offering modular, API‑first solutions, Kaiko hopes to become the go‑to data layer for fintech startups, hedge funds, and custodial services that need to embed reliable crypto‑market information into their own platforms.
Third, a portion of the funds will be dedicated to compliance and regulatory support. As regulators around the world tighten reporting requirements for digital‑asset transactions, market participants need verifiable, audit‑ready data sources. Kaiko intends to develop a suite of compliance‑focused products that provide immutable data trails, standardized reporting formats, and integration with existing regulatory technology (RegTech) solutions. This effort aligns with S&P Global’s own focus on risk and compliance, creating synergies that could accelerate the adoption of Kaiko’s services in highly regulated jurisdictions.
Industry observers note that Kaiko’s move toward continuous data services reflects a broader shift in the crypto market from a fragmented, quote‑driven environment to one that mirrors the speed and depth of traditional financial markets. In equities and foreign‑exchange trading, continuous data feeds have long been the norm, enabling market makers and institutional traders to react instantly to price changes.
By delivering comparable capabilities for digital assets, Kaiko is positioning itself to bridge the gap between legacy finance and the emerging crypto economy. The funding round also signals growing confidence among traditional financial institutions in the long‑term viability of digital‑asset infrastructure.
While many banks remain cautious about direct exposure to cryptocurrencies, they increasingly recognize the strategic value of supporting ancillary services such as data provision, custody, and settlement. By investing in Kaiko, these institutions are effectively betting on the future demand for high‑quality market data as the crypto sector matures and integrates more tightly with mainstream finance. Looking ahead, Kaiko’s leadership anticipates that the expanded Series B will catalyze a wave of partnerships and product launches over the next 12‑18 months.
The company aims to roll out its continuous data platform across all major crypto exchanges, introduce AI‑enhanced analytics modules, and secure certifications that meet the stringent standards of global regulators. With S&P Global’s brand credibility, BNP Paribas’s banking expertise, and the backing of exchange operators, Kaiko is well‑positioned to become a cornerstone of the digital‑asset data landscape. In summary, the $110 million Series B extension marks a pivotal moment for Kaiko, underscoring the convergence of traditional finance and the crypto world. The infusion of capital and strategic partnerships will empower the firm to deliver faster, more reliable, and more compliant market data—an essential foundation for the next generation of financial products and services built on blockchain technology.