Kaiko, a prominent provider of digital‑asset market data, has announced that it is enlarging its Series B financing round to a total of $110 million. The additional capital comes from a coalition of high‑profile investors, most notably the financial‑information powerhouse S&P Global, as well as the multinational banking group BNP Paribas.
Other participants in the round include a mix of traditional financial institutions, exchange operators, and venture‑capital firms that have already backed Kaiko in earlier stages. The decision to increase the size of the Series B round reflects both Kaiko’s rapid growth trajectory and the escalating demand for reliable, real‑time data in the cryptocurrency and broader digital‑asset markets. Over the past few years, the firm has built a reputation for delivering high‑quality, granular market data to institutional investors, hedge funds, trading firms, and fintech startups. Its data feeds cover a wide array of exchanges, trading pairs, and asset classes, and they are used to power algorithmic trading strategies, risk‑management platforms, and regulatory reporting tools.
By securing additional funding, Kaiko aims to accelerate a strategic shift toward offering continuous market‑data services. Unlike traditional snapshot‑style data products, continuous data streams provide a real‑time, unbroken flow of information about trades, order‑book changes, and price movements. This level of detail is essential for market participants who need to react instantly to volatility, execute sophisticated trading algorithms, or comply with emerging regulatory requirements that demand near‑real‑time transparency. The involvement of S&P Global is particularly significant.
As a global leader in credit ratings, market intelligence, and analytics, S&P Global brings deep expertise in data quality, standardisation, and distribution. Its partnership with Kaiko is expected to enhance the latter’s data‑validation processes, expand the reach of its datasets to S&P’s extensive client network, and potentially integrate Kaiko’s crypto‑focused feeds into broader financial‑information platforms. This synergy could help bridge the gap between traditional finance and the burgeoning digital‑asset ecosystem, offering investors a more unified view of both conventional and crypto markets.
BNP Paribas, one of Europe’s largest banks, also sees strategic value in the collaboration. The bank has been actively exploring blockchain and digital‑asset services for its corporate and institutional clients. By investing in Kaiko, BNP Paribas not only gains exposure to a fast‑growing data‑technology company but also secures a reliable source of market intelligence that can support its own trading desks, advisory services, and risk‑assessment frameworks.
The partnership may lead to joint initiatives such as co‑developed analytics tools, bespoke data packages for BNP Paribas’s clientele, and shared research on market‑structure trends. Other investors in the round include established exchange operators that recognise the importance of high‑fidelity data for market integrity. Their participation underscores a broader industry consensus that robust data infrastructure is a prerequisite for the maturation of digital‑asset markets.
As regulators worldwide tighten reporting obligations and as institutional capital continues to flow into crypto assets, the need for trustworthy, continuous data will only intensify. Kaiko plans to allocate the newly raised capital across several key areas. First, it will invest heavily in its technology stack, scaling up cloud‑based ingestion pipelines, storage solutions, and analytics engines to handle the increased volume and velocity of data. Second, the company will broaden its coverage by onboarding additional exchanges, including emerging regional platforms that are gaining traction in markets such as Southeast Asia and Latin America.
Third, Kaiko intends to expand its product suite, launching new APIs and analytics dashboards that cater to specific use cases like on‑chain analytics, DeFi (decentralised finance) monitoring, and ESG (environmental, social, and governance) reporting for crypto assets. Human capital is another focus area. The firm will recruit more engineers, data scientists, and compliance experts to ensure that its services meet the highest standards of accuracy, security, and regulatory compliance. By building a diverse and skilled team, Kaiko aims to stay ahead of the curve in a sector where technological innovation and regulatory change occur at a rapid pace.
Industry observers note that Kaiko’s funding milestone positions it alongside other data‑centric fintech firms that have recently attracted substantial venture capital. The move signals confidence from traditional finance players that data‑driven insights are essential for the next wave of digital‑asset adoption. Moreover, the partnership with S&P Global and BNP Paribas may serve as a template for future collaborations between legacy financial institutions and specialised crypto‑tech providers. In summary, Kaiko’s expanded Series B round to $110 million, bolstered by the participation of S&P Global, BNP Paribas, and other strategic investors, marks a pivotal moment for the company’s evolution.
The infusion of capital will enable Kaiko to deepen its continuous market‑data offerings, broaden its global exchange coverage, and enhance its technological and human resources. As the crypto market continues to integrate with mainstream finance, Kaiko’s role as a trusted data supplier is set to become increasingly critical, helping investors, regulators, and businesses navigate an ever‑more complex and dynamic financial landscape.