Kaiko, a fast‑growing provider of digital‑asset market data, has announced that its Series B funding 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 participation from BNP Paribas, one of Europe’s largest banking groups, and a cohort of other prominent traditional banks and exchange operators. The infusion of capital is intended to accelerate Kaiko’s roadmap for delivering continuous, high‑frequency market‑data solutions across the cryptocurrency ecosystem. By expanding its data‑collection infrastructure, enhancing its analytics platform, and broadening its product suite, Kaiko aims to become the go‑to source for institutional investors, hedge funds, and fintech firms that require reliable, real‑time insight into the rapidly evolving digital‑asset markets.

### Why the funding matters The cryptocurrency sector has matured dramatically over the past few years, moving from a niche speculative arena to a mainstream asset class that now attracts the attention of major financial institutions, sovereign wealth funds, and corporate treasuries. With that shift comes a heightened demand for accurate, low‑latency data that can support trading, risk‑management, compliance, and research functions. Traditional market‑data providers have been slower to adapt to the unique challenges of blockchain‑based assets—such as fragmented exchanges, varying data standards, and the need for on‑chain verification.

Kaiko’s technology stack, built from the ground up to aggregate, clean, and normalize data from dozens of spot, derivatives, and DeFi platforms, fills a critical gap in the market. The Series B extension signals strong confidence from established financial players that Kaiko’s approach can meet the rigorous standards required by institutional users. S&P Global’s involvement, in particular, brings a layer of credibility and expertise in data governance, regulatory compliance, and risk analytics.

BNP Paribas and other banking partners contribute not only capital but also deep market knowledge, distribution channels, and potential client pipelines that can accelerate Kaiko’s adoption across Europe and beyond. ### Planned use of the $110 million Kaiko has outlined several key areas where the new funding will be deployed: 1. **Infrastructure scaling** – Building out additional data‑ingestion nodes, expanding cloud capacity, and improving redundancy to ensure uninterrupted service even during periods of extreme market volatility. 2.

**Product diversification** – Launching new data‑feeds that cover emerging sectors such as non‑fungible tokens (NFTs), decentralized finance (DeFi) lending protocols, and layer‑2 scaling solutions. These feeds will include granular metrics like order‑book depth, trade‑size distribution, and on‑chain event tagging. 3.

**Advanced analytics** – Developing AI‑driven pricing models, anomaly detection tools, and predictive indicators that help clients anticipate market moves and manage exposure more effectively. 4.

**Regulatory compliance tools** – Integrating anti‑money‑laundering (AML) and know‑your‑customer (KYC) data streams, as well as providing audit‑ready reports that satisfy the growing regulatory scrutiny on crypto‑trading activities. 5.

**Global expansion** – Opening new offices in strategic locations such as Singapore, London, and New York to better serve regional clients and to tap into local talent pools specialized in blockchain engineering and financial data science. ### Market context and competitive landscape The race to dominate crypto‑market data is intensifying. Competitors range from legacy financial data firms that are retrofitting their existing platforms to handle blockchain data, to pure‑play crypto startups that focus on niche segments like DeFi or NFT pricing. Kaiko distinguishes itself by offering a unified, end‑to‑end solution that aggregates data from over 150 exchanges and protocols, applies rigorous quality‑control processes, and delivers it via standardized APIs that are familiar to traditional finance users.

Moreover, Kaiko’s emphasis on continuous data—rather than end‑of‑day snapshots—aligns with the needs of algorithmic traders and high‑frequency trading desks that rely on sub‑second latency. By providing millisecond‑level timestamps, order‑book updates, and trade‑by‑trade feeds, Kaiko enables clients to build and back‑test sophisticated strategies that were previously limited to equity or FX markets.

### Strategic implications for investors For S&P Global, the investment represents a strategic foothold in the burgeoning crypto‑data space, complementing its existing suite of ESG, credit, and market‑risk analytics. The partnership could lead to joint product offerings that blend traditional credit‑rating data with crypto‑asset risk metrics, creating novel insights for investors who hold hybrid portfolios. BNP Paribas and the other banking participants view Kaiko as a bridge to the digital‑asset world, allowing them to offer their corporate and institutional clients reliable data services without having to build the infrastructure in‑house. This could accelerate the banks’ own crypto‑trading desks, custody solutions, and advisory services.

### Outlook With $110 million now secured, Kaiko is positioned to scale its operations at a pace that matches the rapid growth of the crypto market itself. The company plans to roll out its next‑generation data platform over the next 12‑18 months, targeting a broader client base that includes not only traders and asset managers but also regulators, auditors, and academic researchers. The infusion of capital, combined with the strategic guidance from heavyweight investors like S&P Global and BNP Paribas, is expected to solidify Kaiko’s status as a cornerstone of the digital‑asset data ecosystem.

As the industry moves toward greater institutionalization, the demand for trustworthy, high‑frequency market data will only intensify, and Kaiko appears well‑placed to meet that demand. In summary, the extended Series B round underscores the confidence that traditional finance leaders have in Kaiko’s technology and vision.

By leveraging the new funding to enhance infrastructure, broaden product offerings, and expand globally, Kaiko aims to become the premier source of continuous market data for the next generation of crypto‑focused financial services.