Kaiko, the leading provider of digital‑asset market data, has announced that its Series B financing round has been broadened to a total of $110 million. The expanded round brings together a mix of strategic investors, including the financial‑rating powerhouse S&P Global, the global banking institution BNP Paribas, as well as a cohort of prominent traditional banks and exchange operators that have previously backed the company.
This infusion of capital is intended to accelerate Kaiko’s roadmap for delivering continuous, high‑frequency market data solutions to a growing base of institutional clients, fintech firms, and regulators worldwide. The decision to enlarge the funding round reflects both the increasing demand for reliable, real‑time data on cryptocurrencies and digital assets, and Kaiko’s proven ability to meet that demand at scale. Since its inception, Kaiko has built a robust infrastructure that aggregates, cleans, and normalizes data from dozens of exchanges, offering a single source of truth for price feeds, order‑book depth, trade history, and on‑chain metrics. By leveraging cloud‑native technologies and advanced analytics, the firm can process millions of data points per second, providing clients with low‑latency, high‑integrity streams that are essential for algorithmic trading, risk management, and compliance monitoring.
The involvement of S&P Global marks a noteworthy endorsement from a company renowned for its credit ratings, market intelligence, and data services across traditional financial markets. S&P Global’s participation signals a strategic interest in bridging the gap between conventional finance and the burgeoning digital‑asset ecosystem. According to a statement from S&P Global’s head of emerging markets, the partnership will enable both parties to combine Kaiko’s deep expertise in crypto‑market data with S&P’s extensive analytical frameworks, thereby creating new products that can serve investors seeking exposure to digital assets while maintaining rigorous risk assessment standards. BNP Paribas, one of Europe’s largest banking groups, also reaffirmed its commitment to digital‑asset innovation by joining the round.
The bank has been actively exploring blockchain technology and crypto‑related services for its corporate and institutional clientele. By investing in Kaiko, BNP Paribas aims to integrate high‑quality market data into its own trading platforms and advisory services, ensuring that its clients receive accurate pricing and liquidity information across a wide array of tokens and digital securities. Other participants in the round include several established exchange operators that have historically partnered with Kaiko for data provisioning.
Their continued support underscores the value that Kaiko delivers in terms of data reliability, coverage, and regulatory compliance. For exchange operators, having a trusted third‑party data aggregator helps reduce operational overhead and enhances the transparency of their order books, which in turn can attract more institutional participants to their platforms. With the additional $110 million, Kaiko plans to invest heavily in three core areas.
First, it will expand its data‑collection infrastructure to cover emerging exchanges and decentralized finance (DeFi) protocols that are currently under‑represented in mainstream data feeds. This includes building connectors for layer‑2 solutions, cross‑chain bridges, and novel token standards that are gaining traction in the market.
Second, Kaiko will accelerate the development of its continuous market‑data services, offering clients real‑time updates with sub‑second latency, advanced analytics dashboards, and customizable alerting mechanisms. These enhancements are designed to meet the stringent requirements of high‑frequency trading firms, hedge funds, and custodians that need precise, up‑to‑date information to make split‑second decisions.
Third, a portion of the capital will be allocated to compliance and regulatory tooling. As regulators around the world tighten oversight of crypto markets, there is a growing need for data solutions that can support audit trails, anti‑money‑laundering (AML) checks, and transaction monitoring. Kaiko intends to embed compliance‑ready features directly into its data APIs, allowing clients to streamline reporting and meet jurisdiction‑specific requirements without building bespoke solutions.
Industry analysts view the funding round as a clear indicator that the market for crypto‑related data is maturing rapidly. The entry of heavyweight institutions such as S&P Global and BNP Paribas not only validates Kaiko’s business model but also highlights the broader trend of traditional finance embracing digital‑asset infrastructure. By securing this substantial capital, Kaiko is well‑positioned to become the de‑facto standard for continuous market data, much like Bloomberg or Refinitiv serve the equities and fixed‑income markets.
In summary, Kaiko’s expanded Series B round to $110 million, bolstered by strategic investors from both the traditional financial sector and the crypto ecosystem, will fuel the company’s ambition to deliver uninterrupted, high‑quality market data across the digital‑asset landscape. The partnership with S&P Global and BNP Paribas, alongside continued support from exchange operators, equips Kaiko with the resources and credibility needed to scale its platform, broaden its coverage, and embed compliance features that meet the evolving demands of institutional participants worldwide.