Kaiko Broadens Series B Financing to $110 Million with New Investment from S&P Global and BNP Paribas

Kaiko, the London‑based provider of digital‑asset market data, has announced a significant expansion of its Series B financing round, raising the total amount to $110 million. The round, which originally closed earlier in the year with contributions from a mix of traditional financial institutions and crypto‑focused investors, now includes a fresh commitment from S&P Global, the world‑renowned credit‑rating and data analytics firm.

Alongside S&P Global, BNP Paribas – one of Europe’s largest banks – has also increased its stake, reinforcing the growing confidence of mainstream finance in the cryptocurrency data ecosystem. The additional capital is earmarked for a broad set of initiatives that will accelerate Kaiko’s ambition to become the go‑to source for continuous, high‑frequency market data across the entire digital‑asset landscape.

In practice, this means expanding the depth and breadth of Kaiko’s data feeds, improving latency and reliability, and building out a suite of new analytics tools that can be seamlessly integrated into the workflows of hedge funds, exchanges, regulators, and other institutional players. ### Why the New Investment Matters S&P Global’s participation is especially noteworthy because it signals a convergence of traditional financial data expertise with the emerging needs of the crypto market. Historically, S&P Global has built a reputation on delivering trusted credit ratings, macro‑economic indicators, and comprehensive market intelligence for equities, bonds, and commodities.

By joining Kaiko’s financing round, S&P Global is effectively extending its data pedigree into the fast‑moving world of blockchain‑based assets, where real‑time pricing, order‑book depth, and transaction‑level transparency are still evolving. BNP Paribas, meanwhile, brings a deep banking perspective and a network of corporate clients that are increasingly looking to allocate capital to digital assets.

The bank’s added involvement underscores a broader trend among European banks to diversify their service offerings and to embed crypto‑related data solutions into their treasury and risk‑management platforms. ### Strategic Use of Funds Kaiko plans to allocate the newly raised funds across several strategic pillars: 1.

**Infrastructure Scaling** – Building out a more robust, cloud‑native architecture capable of ingesting and normalizing data from over 200 exchanges worldwide, with a focus on reducing latency to sub‑millisecond levels. This will involve partnerships with leading cloud providers and the deployment of edge‑computing nodes in key financial hubs such as New York, London, Singapore, and Tokyo.

2. **Product Innovation** – Launching a suite of continuous market‑data services that go beyond static snapshots.

These services will include real‑time order‑book depth, trade‑by‑trade feeds, and advanced analytics such as volatility surfaces, liquidity heatmaps, and predictive price‑impact models. The goal is to give institutional traders the same level of granularity they enjoy in traditional asset classes. 3.

**Regulatory Compliance Tools** – Developing APIs and reporting modules that help exchanges and custodians meet emerging AML/KYC and market‑surveillance requirements. By embedding compliance‑ready data streams, Kaiko aims to become an essential component of the regulatory technology stack for crypto‑focused firms.

4. **Talent Acquisition** – Attracting top engineers, data scientists, and product managers with experience in high‑frequency trading, big‑data pipelines, and financial market infrastructure.

The infusion of talent will accelerate product road‑maps and ensure that Kaiko’s solutions remain cutting‑edge. 5.

**Geographic Expansion** – Strengthening presence in under‑served regions, particularly in Latin America and Africa, where digital‑asset adoption is growing rapidly but reliable market data remains scarce. Local partnerships with regional exchanges and fintech firms will be a key part of this effort.

### Market Context and Competitive Landscape The digital‑asset data market has matured dramatically over the past three years. Early‑stage providers focused on aggregating price indices for retail investors, but institutional demand now drives a need for granular, low‑latency data that can support algorithmic trading, risk modeling, and compliance reporting. Competitors such as CoinMetrics, CryptoCompare, and Kaiko’s own early backers have begun to offer more sophisticated services, yet there remains a gap in truly continuous, enterprise‑grade data pipelines.

Kaiko’s differentiation lies in its commitment to data integrity and its rigorous validation processes. The company employs a multi‑layer verification system that cross‑checks trade data across multiple sources, flags anomalies, and provides a transparent audit trail. This level of scrutiny is essential for institutional clients that cannot afford data errors when executing large‑scale strategies.

### Implications for Clients and the Industry For existing Kaiko customers—ranging from quantitative hedge funds to centralized exchanges—the expanded funding translates into faster onboarding of new data feeds, more reliable service level agreements (SLAs), and access to a richer set of analytical tools. Clients can expect tighter integration with popular trading platforms, enhanced API documentation, and dedicated support channels. On a broader scale, the involvement of S&P Global and BNP Paribas may encourage other legacy financial firms to explore partnerships or investments in crypto‑data infrastructure.

As regulatory frameworks tighten and institutional participation deepens, the demand for trustworthy, real‑time market data will only increase. Kaiko’s ability to meet that demand positions it as a pivotal bridge between the traditional financial ecosystem and the decentralized world of blockchain assets.

### Looking Ahead The $110 million Series B round marks a milestone not just for Kaiko, but for the entire digital‑asset data sector. By securing backing from heavyweight players in both the rating and banking arenas, Kaiko has validated its vision of delivering continuous, high‑quality market data at scale.

The company’s roadmap—focused on infrastructure, product depth, compliance, talent, and global reach—suggests a trajectory toward becoming the industry standard for institutional crypto data. Stakeholders can anticipate a series of product launches over the next 12‑18 months, including real‑time liquidity dashboards, predictive analytics suites, and regulatory‑ready reporting tools.

As these solutions roll out, Kaiko is likely to deepen its relationships with exchanges, custodians, and trading firms, creating a network effect that further entrenches its data as the backbone of modern digital‑asset markets. In summary, the infusion of capital from S&P Global, BNP Paribas, and other investors underscores a growing consensus: reliable, continuous market data is a foundational layer for the next generation of financial services.

Kaiko’s expanded Series B funding not only fuels its own growth ambitions but also signals to the broader market that the era of sophisticated, enterprise‑grade crypto data is well underway.