Kaiko, a rapidly growing provider of cryptocurrency market data and analytics, has announced that it has expanded its recent Series B financing round to a total of $110 million. The enlarged round now includes a new strategic investor, S&P Global, the world‑renowned financial information and ratings powerhouse, as well as BNP Paribas, one of Europe’s leading universal banks. The infusion of capital follows an earlier commitment from a consortium of traditional financial institutions and exchange operators that had already pledged support for Kaiko’s ambitious roadmap.
The decision to bring S&P Global on board marks a significant milestone for Kaiko. S&P Global’s participation signals a strong endorsement from the traditional finance sector, which has historically been cautious about the nascent digital‑asset ecosystem. By aligning with a firm that supplies credit ratings, indices, and data solutions to more than 30,000 clients worldwide, Kaiko gains not only additional funding but also access to a wealth of expertise in data quality, compliance, and distribution.
The partnership is expected to accelerate the development of Kaiko’s next‑generation continuous market data services, a suite of tools designed to deliver real‑time, high‑frequency price feeds and deep‑granular analytics across a broad array of crypto assets. BNP Paribas, which joined the round alongside other prominent banks such as HSBC and Barclays, further underscores the growing appetite among legacy financial players for robust crypto‑data infrastructure. The bank’s involvement is driven by its strategic objective to integrate digital‑asset capabilities into its institutional offering, enabling its clients to trade, hedge, and manage risk in the crypto space with the same confidence they apply to traditional markets.
BNP Paribas plans to leverage Kaiko’s data pipelines to enhance its own pricing models, risk‑assessment frameworks, and regulatory reporting tools. Kaiko’s founders and executive team have outlined a clear vision for how the new capital will be deployed. A substantial portion of the $110 million will be allocated to scaling the company’s engineering and data‑science teams, expanding server capacity, and reinforcing the reliability of its data ingestion pipelines.
Kaiko aims to achieve near‑zero latency for price updates, a critical requirement for high‑frequency trading firms and algorithmic strategies that depend on split‑second market movements. Additionally, the funding will support the launch of a suite of subscription‑based APIs that deliver continuous, tick‑by‑tick market data across spot, futures, options, and decentralized finance (DeFi) protocols.
Beyond the technical enhancements, Kaiko intends to broaden its geographic footprint. The company plans to establish new data centers in North America, Europe, and the Asia‑Pacific region to reduce latency for regional clients and comply with emerging data‑locality regulations. This expansion will also involve hiring local compliance specialists to navigate the increasingly complex regulatory landscape governing crypto‑asset reporting and anti‑money‑laundering (AML) requirements. Industry observers note that Kaiko’s expanded funding round arrives at a pivotal moment for the crypto‑data market.
As institutional investors pour more capital into digital assets, the demand for trustworthy, high‑quality market data has surged. Traditional data vendors such as Bloomberg and Refinitiv have begun to roll out crypto‑related products, but many institutional participants still rely on niche providers like Kaiko for depth, breadth, and reliability. By securing backing from S&P Global and BNP Paribas, Kaiko positions itself as a bridge between the legacy finance world and the emerging crypto ecosystem, offering a level of data integrity and service continuity that aligns with the expectations of regulated institutions. The inclusion of S&P Global also opens the door for potential collaborative products.
Both firms have hinted at exploring joint offerings that could combine Kaiko’s granular crypto‑market data with S&P Global’s extensive macro‑economic datasets and analytical tools. Such integrations could enable investors to assess crypto‑asset performance in the context of broader market dynamics, interest‑rate movements, and geopolitical events, thereby fostering more sophisticated risk‑adjusted investment strategies. From a market‑share perspective, Kaiko’s move to secure a $110 million Series B round places it among the best‑funded crypto‑data startups globally.
The company now competes with other well‑capitalized players such as Coin Metrics, Messari, and The Block, each vying to become the de‑facto standard for institutional crypto data. Kaiko’s emphasis on continuous data delivery—rather than periodic snapshots—offers a distinct advantage for clients requiring real‑time insights, such as market makers, arbitrageurs, and quantitative hedge funds.
The broader financial community has reacted positively to the announcement. Analysts at S&P Global have highlighted the strategic fit, noting that “the integration of Kaiko’s high‑frequency crypto data with our existing suite of market intelligence tools will enhance our clients’ ability to navigate the rapidly evolving digital‑asset landscape.” Similarly, BNP Paribas executives have emphasized that the partnership “reinforces our commitment to providing innovative solutions that meet the evolving needs of our institutional clients, especially as they explore exposure to digital assets.” Looking ahead, Kaiko’s leadership remains focused on delivering on the promises made to its new investors. The company has set ambitious milestones for the next 12‑18 months, including achieving sub‑10‑millisecond latency for its primary data feeds, expanding coverage to over 10,000 crypto‑related instruments, and launching a suite of risk‑management analytics that incorporate on‑chain activity metrics.
By meeting these targets, Kaiko aims to cement its reputation as the go‑to source for reliable, continuous market data in the crypto space, while also unlocking new revenue streams through premium data subscriptions and enterprise licensing agreements. In summary, the expanded $110 million Series B round, bolstered by the participation of S&P Global and BNP Paribas, provides Kaiko with the financial muscle and strategic partnerships needed to accelerate its mission of delivering uninterrupted, high‑quality crypto market data to institutional participants worldwide. The infusion of capital will fuel technological upgrades, global expansion, and product innovation, positioning Kaiko at the forefront of the data infrastructure that underpins the next generation of digital‑asset finance.