Kaiko, a fast‑growing provider of digital‑asset market data, announced that it has increased the size of its Series B financing round to a total of $110 million. The expanded round brings together a diverse set of investors, including the financial‑rating powerhouse S&P Global, the French banking giant BNP Paribas, as well as a number of leading traditional banks and exchange operators that have already been supporting the company’s mission. This fresh capital injection is earmarked for accelerating Kaiko’s development of continuous market‑data services, expanding its global footprint, and enhancing the robustness of its data infrastructure to meet the rising demand from institutional investors, fintech firms, and regulators.
The decision to enlarge the round reflects both the strong confidence that existing backers have in Kaiko’s technology and the broader market’s appetite for reliable, real‑time cryptocurrency data. In recent years, digital‑asset markets have matured dramatically, moving from niche trading circles to mainstream financial institutions. As a result, the need for high‑quality, low‑latency data has become a critical component of risk management, trading strategy, and compliance frameworks.
Kaiko’s platform, which aggregates and normalizes data from dozens of exchanges worldwide, offers a single source of truth that can be integrated into a variety of downstream applications, from algorithmic trading engines to portfolio analytics dashboards. S&P Global’s involvement is particularly noteworthy. Known for its rigorous credit‑rating methodologies and extensive data services across traditional asset classes, S&P Global is extending its expertise into the crypto space by partnering with a data specialist that can deliver the granularity and accuracy required for institutional-grade analysis.
In a statement, a senior executive at S&P Global highlighted that “the integration of Kaiko’s continuous market‑data solutions will enhance our ability to provide comprehensive insights into the evolving digital‑asset ecosystem, supporting our clients as they navigate this rapidly changing landscape.” BNP Paribas, which has been actively exploring blockchain and digital‑asset opportunities, also reaffirmed its commitment to the sector by joining the round. The bank’s participation underscores its strategy of building a robust infrastructure for crypto‑related services, ranging from custody to trading and advisory. By backing Kaiko, BNP Paribas aims to secure a reliable data pipeline that can feed its internal risk models and client‑facing platforms, ensuring that the bank remains competitive as demand for crypto exposure grows among its corporate and retail customers.
Other participants in the round include several well‑established exchange operators, who recognize the mutual benefit of a strong data ecosystem. For exchanges, providing high‑quality market data is essential for attracting liquidity providers and traders; for data aggregators like Kaiko, access to deep, accurate feeds from multiple venues enables the creation of comprehensive analytics tools. This symbiotic relationship is expected to deepen as Kaiko rolls out new features such as real‑time order‑book depth, trade‑by‑trade timestamps, and advanced anomaly detection that can flag irregular market behavior.
The newly raised funds will be allocated across three primary initiatives. First, Kaiko plans to invest heavily in its engineering teams to further reduce latency and improve the scalability of its data pipelines. This includes adopting cutting‑edge cloud‑native architectures, expanding server capacity in key geographic regions, and implementing advanced compression algorithms to deliver more data with lower bandwidth consumption. Second, the company will broaden its product suite by launching continuous market‑data services that provide uninterrupted streams of pricing, volume, and order‑book information across a wider array of crypto‑assets, including emerging tokens and decentralized finance (DeFi) instruments.
These services are designed to meet the stringent SLAs required by hedge funds, asset managers, and other institutional players who need near‑real‑time insights to execute strategies and manage exposure. Third, Kaiko intends to strengthen its compliance and regulatory offerings.
As regulators around the world tighten reporting requirements for digital‑asset transactions, firms need reliable data to fulfill audit trails, anti‑money‑laundering (AML) checks, and market‑surveillance obligations. Kaiko’s expanded data coverage and enhanced historical archives will enable customers to generate accurate, regulator‑ready reports with minimal manual effort.
Additionally, the company will collaborate with standard‑setting bodies to help shape industry‑wide data definitions and best practices, fostering greater transparency and trust in the crypto market. Industry analysts have praised the move as a sign that the crypto‑data sector is entering a phase of consolidation and professionalization.
By securing backing from both traditional finance stalwarts and specialized exchange operators, Kaiko positions itself as a bridge between the legacy financial system and the burgeoning world of digital assets. The infusion of $110 million not only validates Kaiko’s current trajectory but also provides the runway needed to scale its infrastructure, attract new enterprise customers, and innovate on data products that were previously unavailable. Looking ahead, Kaiko’s leadership envisions a future where continuous market data becomes as indispensable to crypto markets as price feeds are to equities and bonds today.
The company’s roadmap includes exploring machine‑learning‑driven analytics, offering predictive insights, and integrating with emerging blockchain analytics platforms to provide a holistic view of market dynamics. With the support of S&P Global, BNP Paribas, and other strategic investors, Kaiko is well‑positioned to drive the next wave of data‑centric solutions that will underpin the maturation of digital‑asset finance. In summary, the expanded Series B round to $110 million marks a pivotal milestone for Kaiko. It reflects strong confidence from a cross‑section of financial institutions, underscores the growing importance of high‑quality crypto market data, and sets the stage for Kaiko to deliver continuous, reliable, and compliant data services that meet the evolving needs of the global financial community.