Kaiko, a fast‑growing provider of digital‑asset market data, announced that it has broadened its Series B financing to a total of $110 million. The enlarged round brings together a mix of established financial institutions, technology firms, and strategic investors, most notably the credit‑rating powerhouse S&P Global and the multinational banking group BNP Paribas. The additional capital is earmarked for scaling Kaiko’s infrastructure, expanding its product suite, and deepening its presence in both existing and emerging markets for cryptocurrency data.
The decision to extend the round reflects Kaiko’s rapid traction in a sector where reliable, high‑frequency data is becoming a critical component for institutional investors, hedge funds, and fintech innovators. Over the past year, the company has seen a surge in demand for its continuous market‑data feeds, which deliver real‑time price information, order‑book depth, and trade‑by‑trade details across a broad array of digital assets.
By securing further investment, Kaiko aims to reinforce its technology stack, ensuring low‑latency delivery and robust redundancy, while also investing in advanced analytics and machine learning capabilities that can transform raw market data into actionable insights. S&P Global’s involvement is particularly significant because it signals a convergence between traditional financial data providers and the burgeoning crypto‑data ecosystem.
As a global leader in credit ratings, indices, and market intelligence, S&P Global brings deep expertise in data governance, regulatory compliance, and client‑centric product development. Its partnership with Kaiko is expected to accelerate the integration of crypto‑related metrics into mainstream financial analysis tools, thereby widening the acceptance of digital assets among conventional asset managers and institutional traders. BNP Paribas, one of Europe’s largest banking groups, also joined the financing round, underscoring the growing appetite among legacy banks for reliable crypto‑market data.
The bank plans to leverage Kaiko’s data streams to enhance its own trading desks, risk‑management frameworks, and client‑offering platforms. By tapping into Kaiko’s extensive coverage of spot, futures, and derivatives markets, BNP Paribas can better assess volatility, liquidity, and price discovery dynamics that are essential for prudent exposure to digital assets. Other participants in the round include a mix of venture‑capital firms, strategic corporate investors, and crypto‑focused funds that have previously backed Kaiko.
Their continued confidence reflects the company’s track record of delivering high‑quality data to over 300 institutional clients worldwide, ranging from hedge funds and proprietary trading firms to exchanges and regulatory bodies. Kaiko’s data is praised for its granularity, reliability, and breadth, covering more than 5,000 trading pairs across dozens of exchanges. The infusion of $110 million will be allocated across several strategic priorities.
First, Kaiko will invest heavily in its data‑collection infrastructure, expanding its network of nodes and improving its ability to ingest and normalize data from an ever‑growing list of exchanges, including newer decentralized platforms. This upgrade will reduce latency and increase the resilience of its feeds, which is crucial for clients that rely on sub‑second data for algorithmic trading and arbitrage strategies. Second, the company plans to broaden its product portfolio.
New offerings under development include advanced analytics dashboards, on‑chain metrics, and risk‑assessment tools that combine market data with blockchain‑level insights such as transaction flows, wallet activity, and network health indicators. By providing a more holistic view of the digital‑asset ecosystem, Kaiko hopes to become a one‑stop shop for institutions seeking to incorporate crypto assets into their broader investment strategies. Third, Kaiko will accelerate its global expansion.
While the firm already has a strong foothold in North America and Europe, it aims to deepen its presence in the Asia‑Pacific region, where trading volumes and regulatory interest are rising sharply. The company intends to establish regional data centers, forge partnerships with local exchanges, and tailor its compliance framework to meet the specific requirements of jurisdictions such as Singapore, Japan, and Australia.
Finally, a portion of the funds will be directed toward talent acquisition and research. Kaiko is scaling its engineering, data‑science, and compliance teams to keep pace with the increasing complexity of the crypto market. The company also plans to launch an internal research lab focused on exploring novel use cases for market data, such as predictive modeling, sentiment analysis, and integration with decentralized finance (DeFi) protocols.
Industry observers note that Kaiko’s expanded Series B round arrives at a pivotal moment for the digital‑asset sector. As regulators worldwide work to clarify the legal status of cryptocurrencies and as institutional capital continues to flow into the space, the demand for trustworthy, high‑quality data is set to outpace supply. Companies like Kaiko that can provide comprehensive, accurate, and timely information are positioned to become indispensable infrastructure providers, much like Bloomberg or Refinitiv have been for traditional finance. In summary, Kaiko’s decision to increase its Series B financing to $110 million, backed by heavyweight investors such as S&P Global and BNP Paribas, marks a major milestone in its evolution from a niche data vendor to a cornerstone of the institutional crypto‑data landscape.
The additional capital will enable the firm to reinforce its technological backbone, expand its suite of analytical products, and extend its global reach, thereby meeting the growing expectations of a sophisticated client base that demands precision, speed, and depth in digital‑asset market data. The partnership with established financial entities also underscores the mainstreaming of crypto data, signaling that the industry is moving beyond speculative hype toward a more regulated, data‑driven future.