Kaiko, the rapidly 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 enlarged round brings together a distinguished group of investors, most notably the financial‑information powerhouse S&P Global, alongside the French banking giant BNP Paribas, a slate of other traditional banks, and several leading exchange operators. This infusion of capital is earmarked to accelerate Kaiko’s strategic expansion into continuous, high‑frequency market‑data services for the burgeoning cryptocurrency ecosystem. The decision to extend the Series B round reflects both Kaiko’s strong performance to date and the increasing demand from institutional participants for reliable, real‑time data on digital assets.
Since its founding, Kaiko has built a reputation for delivering clean, standardized, and comprehensive data sets that cover spot, derivatives, and decentralized finance (DeFi) markets across more than 200 exchanges worldwide. By scaling its infrastructure and product suite, the company aims to become the go‑to source for continuous market data that can be seamlessly integrated into trading, risk‑management, and compliance workflows. "The market for crypto‑related data has matured dramatically over the past two years," said Janek Dąbrowski, CEO of Kaiko, during the virtual press briefing. "Institutional investors, hedge funds, and even traditional asset managers are now looking for the same level of data fidelity and latency that they expect from equities or fixed‑income markets.
Our expanded Series B, now bolstered by S&P Global and BNP Paribas, gives us the resources to build the next generation of continuous data feeds, improve our latency, and broaden our coverage to emerging protocols and new asset classes. This is a pivotal step toward making digital‑asset markets as transparent and accessible as any other financial market." S&P Global’s participation marks a notable shift for the rating and analytics firm, which has historically focused on conventional asset classes such as equities, bonds, and commodities. In a statement, S&P Global’s Head of Emerging Markets Data, Maria Alvarez, highlighted the strategic importance of the partnership: "As the line between traditional finance and digital assets continues to blur, reliable data becomes the foundation for sound investment decisions and regulatory oversight.
Kaiko’s proven track record in aggregating and normalizing crypto‑market data aligns perfectly with our mission to provide high‑quality information across all asset classes. We look forward to collaborating closely with Kaiko to develop data products that meet the rigorous standards of our global client base." BNP Paribas, a leading European bank with a strong focus on innovation in fintech, also underscored the significance of the investment. "Our involvement in Kaiko’s Series B reflects our commitment to supporting the digital‑asset infrastructure that will underpin the next wave of financial services," said Claire Dubois, Head of Digital Assets at BNP Paribas.
"By partnering with Kaiko, we gain access to a robust data pipeline that will enhance our own trading, risk‑assessment, and compliance capabilities, while also enabling us to offer more sophisticated solutions to our corporate and institutional clients." Beyond the headline investors, the round includes participation from several exchange operators that have long relied on Kaiko’s data for market surveillance and liquidity analysis. Their continued backing signals confidence that Kaiko’s technology can scale to meet the high‑throughput demands of modern crypto exchanges, which now process billions of transactions daily. The newly raised capital will be allocated across three primary pillars: 1. **Infrastructure and Latency Reduction**: Kaiko plans to invest heavily in low‑latency data pipelines, leveraging colocated servers, advanced networking protocols, and proprietary compression algorithms.
The goal is to deliver sub‑millisecond tick‑by‑tick data feeds, a benchmark that is essential for high‑frequency trading (HFT) firms operating in the crypto space. 2. **Product Expansion and Continuous Data Feeds**: While Kaiko already offers historical and snapshot data, the next phase will focus on continuous, real‑time streams that cover spot, futures, options, and emerging DeFi instruments.
This includes building APIs that support WebSocket, FIX, and other industry‑standard protocols, allowing clients to integrate data directly into their trading engines. 3.
**Regulatory and Compliance Solutions**: With regulators worldwide tightening scrutiny on digital‑asset activities, Kaiko will develop compliance‑focused data products, such as transaction‑level audit trails, market‑manipulation detection tools, and AML‑ready data sets. These offerings will help banks, asset managers, and custodians meet evolving reporting obligations. Industry analysts have praised Kaiko’s move as a sign that the crypto‑data market is entering a phase of consolidation and professionalization.
"The entry of heavyweight players like S&P Global into a crypto‑data startup’s funding round is a clear indicator that the sector is no longer a fringe niche," commented Laura Chen, senior analyst at MarketInsights. "Investors are recognizing that high‑quality, continuous data is a critical infrastructure component for the next generation of financial products, from tokenized securities to crypto‑backed loans." The expanded Series B also positions Kaiko to explore strategic partnerships with other fintech firms and cloud service providers, potentially embedding its data feeds into broader analytics platforms and AI‑driven trading models.
By doing so, Kaiko hopes to democratize access to premium market data, enabling smaller firms and emerging market participants to compete on a more level playing field. In conclusion, Kaiko’s decision to extend its Series B to $110 million, bolstered by the involvement of S&P Global, BNP Paribas, and a consortium of traditional banks and exchange operators, marks a watershed moment for the digital‑asset data industry. The funding will empower Kaiko to deliver faster, more comprehensive, and regulatory‑ready data solutions, thereby fostering greater market transparency, liquidity, and confidence among institutional investors.
As the crypto ecosystem continues to integrate with mainstream finance, Kaiko’s expanded capabilities are set to play a pivotal role in shaping the future of market data services across both legacy and digital asset classes.