Kaiko, a fast‑growing provider of digital‑asset market data, has announced that it is enlarging 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 credit‑rating powerhouse, alongside a consortium of traditional financial institutions and exchange operators such as BNP Paribas, among others.
This fresh capital infusion is intended to accelerate Kaiko’s roadmap for delivering seamless, real‑time market‑data services across the burgeoning cryptocurrency ecosystem. The decision to broaden the funding round reflects both the heightened interest from legacy finance players in the crypto space and Kaiko’s proven ability to supply high‑quality, reliable data to institutional clients.
By securing backing from S&P Global, Kaiko gains not only a deep‑pocketed investor but also a partner with extensive expertise in data aggregation, analytics, and risk assessment. S&P Global’s involvement signals a growing convergence between traditional financial infrastructure and the emerging digital‑asset market, underscoring the belief that robust, standardized data will be a cornerstone of mainstream crypto adoption.
BNP Paribas, a leading European bank with a strong focus on innovation, also reaffirmed its commitment to the digital‑asset sector through this investment. The bank’s participation is part of a broader strategy to integrate crypto‑related services into its product suite, ranging from custody solutions to advisory services for corporate clients. By aligning with Kaiko, BNP Paribas aims to leverage the company’s data pipelines to enhance its own risk‑management frameworks and to offer its clients more transparent insight into market dynamics.
Other participants in the round include prominent exchange operators and fintech firms that have previously collaborated with Kaiko on data‑feed integrations. Their continued support highlights the critical role that accurate, low‑latency market data plays in trading, compliance, and portfolio management for both retail and institutional participants.
The collective backing also provides Kaiko with a broader network of distribution channels, enabling the firm to embed its data services directly into trading platforms, analytics tools, and regulatory reporting systems. Kaiko’s core offering centers on delivering granular, time‑stamped price information, order‑book depth, and trade‑level details for a wide array of digital assets, spanning major cryptocurrencies like Bitcoin and Ethereum to emerging tokens and stablecoins. The company distinguishes itself by emphasizing data integrity, coverage breadth, and a commitment to compliance with emerging regulatory standards.
Its API suite supports high‑frequency trading firms, hedge funds, and research institutions that require millisecond‑level precision and historical depth for back‑testing strategies. The newly raised funds will be allocated across several strategic initiatives. First, Kaiko plans to expand its infrastructure to support continuous, real‑time data streaming at scale. This involves investing in low‑latency networking, cloud‑based processing clusters, and redundancy mechanisms to ensure uninterrupted service even during periods of extreme market volatility.
Second, the company will accelerate the development of new data products, such as on‑chain analytics, decentralized finance (DeFi) metrics, and ESG‑focused crypto data sets, catering to the growing demand for specialized insights. Third, Kaiko intends to broaden its geographic footprint.
While the firm already serves clients in North America, Europe, and parts of Asia, the additional capital will facilitate the establishment of regional data hubs, local compliance teams, and partnerships with regional exchanges. This expansion is crucial for meeting the diverse regulatory requirements that vary by jurisdiction, particularly as governments worldwide refine their approach to digital‑asset oversight.
Finally, a portion of the financing will be devoted to talent acquisition and research. Kaiko aims to attract top engineers, data scientists, and compliance experts to reinforce its product development pipeline and to stay ahead of evolving market standards.
By building a robust internal research capability, the company hopes to contribute thought leadership on best practices for data governance in the crypto arena. Industry observers note that Kaiko’s move comes at a time when demand for high‑quality crypto market data is surging. Institutional investors are increasingly allocating capital to digital assets, and regulators are mandating greater transparency and reporting rigor.
As a result, firms that can provide trustworthy, audit‑ready data streams are positioned to become indispensable infrastructure providers. The involvement of S&P Global also carries implications for the broader data‑rating ecosystem. Historically, credit‑rating agencies have relied on conventional financial metrics; their entry into crypto data signifies a recognition that digital assets are maturing into a legitimate asset class requiring standardized evaluation frameworks.
By collaborating with Kaiko, S&P Global can develop proprietary indices, risk models, and rating methodologies that incorporate on‑chain activity, market depth, and liquidity measures. From a competitive standpoint, Kaiko’s expanded funding places it in a stronger position relative to other market‑data vendors that focus primarily on price feeds or limited historical snapshots.
The company’s ambition to offer end‑to‑end data solutions—spanning real‑time streaming, historical archives, and analytical overlays—creates a differentiated value proposition that could attract a broader client base, including traditional asset managers venturing into crypto. In summary, the extension of Kaiko’s Series B round to $110 million, highlighted by the participation of S&P Global and BNP Paribas, marks a pivotal moment for the company and for the digital‑asset data industry as a whole. The capital will fuel infrastructure upgrades, product diversification, global expansion, and talent growth, all aimed at delivering continuous, high‑fidelity market data to an increasingly sophisticated clientele.
As the crypto market continues to integrate with mainstream finance, Kaiko’s enhanced capabilities are poised to become a foundational component of the data infrastructure that underpins trading, risk management, and regulatory compliance across the sector.