Kaiko, a fast‑growing provider of digital‑asset market data, has announced that its Series B financing round has been broadened to a total of $110 million. The round now includes a strategic investment from S&P Global, the world‑renowned financial‑information and ratings powerhouse, alongside BNP Paribas, one of Europe’s largest banking groups.
This infusion of capital follows earlier commitments from a suite of traditional financial institutions and exchange operators that have already signaled confidence in Kaiko’s vision for a more transparent and accessible crypto‑market data ecosystem. The decision to enlarge the round reflects both the heightened demand for high‑quality, real‑time data across the burgeoning digital‑asset space and Kaiko’s ambition to scale its infrastructure to meet that demand.
By securing additional funds, Kaiko intends to accelerate the development of its continuous market‑data services—a suite of tools that deliver streaming price feeds, order‑book depth, and trade‑level information across a wide array of cryptocurrency exchanges. These services are designed to support a diverse set of users, ranging from institutional investors and hedge funds to fintech startups and academic researchers, all of whom require reliable, low‑latency data to power trading algorithms, risk‑management systems, and market‑analysis platforms.
S&P Global’s participation is particularly noteworthy because it marks one of the first times a major credit‑rating agency has taken a direct equity stake in a crypto‑focused data provider. The firm brings more than just capital; it contributes deep expertise in data governance, standardization, and regulatory compliance.
This partnership is expected to help Kaiko align its data products with the rigorous standards that institutional clients demand, especially as regulators worldwide continue to scrutinize the transparency and integrity of crypto‑market information. By leveraging S&P Global’s reputation and methodological frameworks, Kaiko aims to embed best‑in‑class quality controls, audit trails, and certification processes into its data pipelines.
BNP Paribas, meanwhile, adds a strong banking perspective to the mix. As a leading global bank with extensive experience in capital markets, BNP Paribas can provide valuable insights into the needs of large‑scale traders and asset managers who are increasingly allocating capital to digital assets. The bank’s involvement signals a broader trend of traditional financial institutions moving beyond mere curiosity about crypto and actively seeking to integrate it into their service offerings. Through its partnership with Kaiko, BNP Paribas hopes to gain direct access to granular market data that can enhance its own trading desks, risk‑assessment models, and client‑facing analytics tools.
The expanded funding will also enable Kaiko to invest heavily in its technology stack. The company plans to upgrade its data ingestion architecture to handle a higher volume of exchange feeds, improve redundancy and fault tolerance, and reduce latency to sub‑second levels. In addition, Kaiko intends to broaden its coverage to include emerging exchanges and decentralized finance (DeFi) protocols that are currently under‑represented in mainstream data feeds.
By doing so, Kaiko will offer a more comprehensive view of the crypto ecosystem, helping market participants spot arbitrage opportunities, monitor liquidity shifts, and assess systemic risk across both centralized and decentralized venues. Beyond technical enhancements, Kaiko will allocate a portion of the capital to expand its compliance and legal teams. As the regulatory environment for digital assets evolves, having a robust compliance framework is essential for maintaining the trust of institutional clients.
Kaiko’s roadmap includes the development of standardized data licensing agreements, adherence to anti‑money‑laundering (AML) and know‑your‑customer (KYC) requirements, and the implementation of privacy‑preserving data handling practices that comply with global data‑protection regulations such as GDPR and the California Consumer Privacy Act. The market reaction to the announcement has been positive. Analysts note that the infusion of $110 million positions Kaiko among the best‑capitalized data providers in the crypto space, giving it a competitive edge over rivals that may struggle to secure comparable funding.
The involvement of heavyweight investors like S&P Global and BNP Paribas also serves as a validation of Kaiko’s business model and its potential to become a cornerstone infrastructure provider for the next generation of digital‑asset markets. Looking ahead, Kaiko’s leadership envisions a future where its data services become the de‑facto standard for institutional crypto trading. The company plans to launch a suite of APIs that will allow clients to seamlessly integrate real‑time price feeds, historical tick data, and analytics dashboards into their existing technology stacks. Moreover, Kaiko is exploring partnerships with cloud providers to offer data-as‑a‑service (DaaS) solutions that can be scaled on demand, further reducing the barrier to entry for firms that lack in‑house data engineering capabilities.
In summary, the expansion of Kaiko’s Series B round to $110 million, bolstered by strategic investors S&P Global and BNP Paribas, marks a pivotal moment for the company and the broader digital‑asset ecosystem. The new capital will fuel enhancements in data quality, coverage, and delivery speed, while also strengthening compliance and regulatory readiness.
As institutional interest in crypto continues to surge, Kaiko’s commitment to delivering reliable, continuous market data positions it to play a central role in shaping the infrastructure that underpins the next wave of financial innovation.