Kaiko, a fast‑growing provider of digital‑asset market data, announced that it has broadened its Series B financing round to a total of $110 million. The round now includes a strategic investment from S&P Global, the world‑renowned financial‑information and ratings firm, as well as participation from BNP Paribas, one of Europe’s leading banks. Alongside these new entrants, existing backers such as traditional banks, exchange operators, and venture‑capital partners have reaffirmed their confidence in Kaiko’s vision to become the go‑to source for high‑quality, real‑time data across the cryptocurrency ecosystem.
The additional capital will be deployed to accelerate Kaiko’s roadmap for continuous market‑data services, a segment that is increasingly critical for institutional investors, trading firms, and fintech platforms seeking reliable, low‑latency information on thousands of digital assets. By expanding its data‑collection infrastructure, enhancing its analytics suite, and scaling its delivery mechanisms, Kaiko aims to close the gap between the traditional finance data landscape—dominated by providers like Bloomberg and Refinitiv—and the rapidly evolving world of blockchain‑based assets. "The decision to increase the size of our Series B round reflects both the growing demand for trustworthy crypto market data and the confidence that leading financial institutions have in Kaiko’s technology and team," said Jan Van der Veen, CEO of Kaiko. "With S&P Global’s deep expertise in data governance and BNP Paribas’s extensive network in the banking sector, we are uniquely positioned to deliver the kind of continuous, high‑frequency data streams that institutional traders need to make informed decisions in a market that operates 24/7." S&P Global’s involvement goes beyond a simple capital infusion.
The firm plans to collaborate with Kaiko on data‑quality standards, ensuring that the metrics and benchmarks used across the crypto market meet the same rigorous criteria applied to traditional asset classes. This partnership is expected to introduce new validation frameworks, audit trails, and compliance tools that will help institutional clients satisfy regulatory requirements while navigating the volatile crypto space. BNP Paribas, on the other hand, will leverage its client base and market insights to help Kaiko tailor its product offerings for banks, asset managers, and hedge funds that are increasingly allocating capital to digital assets.
The bank’s participation signals a broader shift among legacy financial institutions toward embracing crypto‑related services, from custody solutions to structured products, all of which rely on accurate and timely market data. The expanded funding round also includes contributions from existing investors such as Digital Currency Group, Paradigm, and several sovereign wealth funds, underscoring a collective belief that high‑quality data will be a cornerstone of the next wave of financial innovation. These investors bring not only capital but also strategic guidance on scaling operations, navigating regulatory landscapes, and building partnerships with exchanges across North America, Europe, and Asia.
Kaiko’s roadmap for the next 12‑18 months focuses on three core pillars: 1. **Infrastructure Expansion**: The company will invest in additional data‑ingestion nodes, cloud‑based processing pipelines, and redundancy systems to ensure uninterrupted coverage of over 10,000 cryptocurrency pairs across more than 200 exchanges.
This will enable sub‑second latency for price feeds, order‑book snapshots, and trade‑level data, a capability that is essential for algorithmic trading strategies. 2.
**Product Innovation**: Kaiko plans to launch a suite of continuous data products, including real‑time index calculations, volatility metrics, and on‑chain analytics that combine on‑chain transaction data with off‑chain market information. These offerings will be packaged through APIs, SDKs, and enterprise‑grade dashboards, allowing clients to integrate the data directly into their trading, risk‑management, and compliance workflows. 3. **Regulatory Alignment**: Working closely with S&P Global’s compliance experts, Kaiko will develop a framework that aligns its data collection and distribution practices with emerging regulatory standards such as the EU’s MiCA (Markets in Crypto‑Assets) and the U.S.
SEC’s guidance on digital‑asset reporting. This proactive approach is intended to reduce friction for institutional clients seeking to meet audit and reporting obligations. Industry analysts view Kaiko’s funding boost as a bellwether for the broader market‑data sector within crypto. As digital assets mature from speculative instruments to components of diversified portfolios, the need for transparent, auditable, and continuous data becomes paramount.
Traditional finance has long relied on trusted data providers to price securities, assess risk, and comply with regulations; the crypto ecosystem is now demanding a comparable level of service. "Investors are looking for the same reliability they expect from legacy markets, and Kaiko is positioned to deliver that," noted Emily Chen, a senior analyst at Crypto Capital Research. "The involvement of S&P Global and BNP Paribas not only validates Kaiko’s technology but also accelerates the convergence of crypto data standards with those of traditional finance." In addition to expanding its product suite, Kaiko intends to deepen its collaborations with exchange operators. By establishing direct data‑feed agreements and co‑developing market‑structure insights, Kaiko hopes to offer clients a more granular view of liquidity, order‑flow dynamics, and price formation across fragmented venues.
Such insights are crucial for market makers and arbitrageurs who depend on precise, real‑time information to execute strategies profitably. The funding round also earmarks resources for talent acquisition.
Kaiko plans to double its engineering and data‑science teams, recruit seasoned professionals from legacy finance data firms, and build out a dedicated compliance unit. This talent push is designed to ensure that the company can sustain rapid product development while maintaining the highest standards of data integrity. Overall, the $110 million Series B extension marks a significant milestone for Kaiko, positioning the company at the nexus of crypto innovation and traditional finance.
With the backing of heavyweight institutions, Kaiko is set to transform how market participants access, interpret, and act upon digital‑asset data, ultimately fostering greater transparency, efficiency, and confidence in the burgeoning crypto market.