Kaiko, a fast‑growing provider of digital‑asset market data, announced today that it has broadened its Series B financing round to a total of $110 million. The expanded round brings together a diverse group of investors, including the financial‑services powerhouse S&P Global, the multinational banking institution BNP Paribas, as well as a slate of traditional banks and exchange operators that have previously backed the company.
This infusion of capital is earmarked to accelerate Kaiko’s strategic push into continuous market‑data services, a segment that is increasingly critical for institutional investors, fintech firms, and regulators seeking real‑time insights into the cryptocurrency ecosystem. The decision to extend the Series B round reflects both the strong demand for high‑quality, reliable crypto‑market data and Kaiko’s proven ability to deliver it at scale. Since its founding, Kaiko has built a robust infrastructure that aggregates, cleans, and normalizes data from more than 200 exchanges worldwide, covering a broad spectrum of assets ranging from major cryptocurrencies like Bitcoin and Ethereum to emerging tokens and decentralized finance (DeFi) products. By offering a single, standardized data feed, Kaiko helps clients eliminate the operational friction that typically arises from dealing with disparate sources, inconsistent formats, and fragmented coverage.
S&P Global’s participation marks a notable milestone for the rating agency, which has been actively expanding its footprint in the digital‑asset arena. In recent years, S&P Global has launched a suite of analytics and indices that track crypto‑asset performance, and its involvement in Kaiko’s financing underscores a commitment to deepen its data capabilities.
"Accurate, timely market data is the foundation for any robust risk‑assessment framework," said a spokesperson for S&P Global. "Partnering with Kaiko allows us to integrate granular, real‑time cryptocurrency information into our broader suite of financial intelligence, enhancing the tools we provide to investors and policymakers alike." BNP Paribas, one of Europe’s largest banks, also joined the round, signaling the growing interest of traditional financial institutions in the crypto‑data space. The bank has been exploring blockchain and digital‑asset initiatives across its corporate and investment banking divisions, and its investment in Kaiko aligns with a broader strategy to embed crypto‑related services into its product offering. "Our clients are increasingly asking for exposure to digital assets, and that demand requires reliable data to underpin trading, compliance, and risk‑management processes," a BNP Paribas representative explained.
"Kaiko’s platform gives us the confidence that we can meet those expectations with the highest standards of data integrity and latency." Other participants in the round include established banks and exchange operators that have previously collaborated with Kaiko on pilot projects or data‑licensing agreements. Their continued support reflects a consensus that the cryptocurrency market is maturing and that sophisticated data solutions are essential for its next phase of growth. By securing additional funding, Kaiko aims to scale its infrastructure, enhance its data‑delivery latency, and broaden its coverage to include emerging sectors such as non‑fungible tokens (NFTs), tokenized securities, and layer‑2 scaling solutions. The capital will be allocated across several key initiatives.
First, Kaiko plans to invest heavily in its data‑processing pipelines, leveraging advanced cloud‑computing resources and machine‑learning algorithms to improve the accuracy and speed of price aggregation. This will enable the company to deliver sub‑second updates, a critical requirement for high‑frequency trading firms and algorithmic strategies that rely on the freshest possible market signals. Second, Kaiko intends to expand its product suite with new analytical tools and APIs tailored for institutional clients. These offerings will include historical data archives, customizable dashboards, and risk‑metric calculators that help users assess volatility, liquidity, and market depth across multiple venues.
By providing a more comprehensive toolkit, Kaiko hopes to become the go‑to data partner for hedge funds, asset managers, and custodians seeking to integrate crypto assets into their portfolios. Third, the company will deepen its compliance and regulatory support capabilities.
As regulators worldwide tighten oversight of digital‑asset markets, firms need transparent, auditable data trails to satisfy reporting obligations. Kaiko is developing features such as immutable data logs, provenance tracking, and real‑time alerts for market anomalies, which will aid clients in meeting anti‑money‑laundering (AML) and know‑your‑customer (KYC) requirements.
Finally, a portion of the funds will be directed toward geographic expansion. While Kaiko already serves clients in North America, Europe, and parts of Asia, the firm sees significant opportunity in emerging markets where crypto adoption is accelerating. By establishing local data nodes and forging partnerships with regional exchanges, Kaiko aims to deliver low‑latency feeds that meet the specific latency and regulatory needs of those jurisdictions.
Industry observers view Kaiko’s expanded Series B as a bellwether for the broader market‑data sector. The influx of capital from both traditional finance giants and specialized crypto players suggests a convergence of interests: as digital assets become more entrenched in mainstream finance, the demand for trustworthy, real‑time data will only intensify. Analysts predict that companies capable of providing end‑to‑end data solutions—covering everything from raw tick‑by‑tick feeds to sophisticated analytics—will capture a sizable share of the emerging $10‑plus‑billion market‑data ecosystem.
In summary, Kaiko’s $110 million Series B round, bolstered by the involvement of S&P Global, BNP Paribas, and a coalition of other financial institutions, positions the company at the forefront of the next wave of crypto‑market infrastructure. With the new funding, Kaiko is set to enhance its technology stack, broaden its product offerings, strengthen compliance tools, and extend its global reach, thereby delivering the kind of continuous, high‑quality market data that modern investors and regulators increasingly require. The move underscores a broader industry shift: as digital assets transition from niche curiosity to mainstream asset class, the infrastructure that supports them—particularly reliable data—will become an indispensable pillar of the financial ecosystem.