Kaiko, a fast‑growing provider of cryptocurrency market data, has announced that its Series B financing round has been expanded 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, alongside participation from major traditional banks such as BNP Paribas and a suite of prominent exchange operators. This infusion of capital is earmarked to accelerate Kaiko’s roadmap for delivering continuous, high‑frequency market‑data services to institutional investors, trading firms, and other market participants who require reliable, real‑time insights into the digital‑asset ecosystem. The decision to bring S&P Global on board marks a significant milestone for Kaiko.
As a company whose core competency lies in aggregating, normalising, and distributing crypto‑asset price and trade data, Kaiko has already built a reputation for data quality and breadth. By aligning with S&P Global—a firm that has long been a trusted source of credit ratings, market indices, and analytics for traditional financial markets—Kaiko gains not only a substantial financial commitment but also access to a wealth of expertise in data governance, regulatory compliance, and global distribution networks. This partnership is expected to bridge the gap between the nascent crypto‑data market and the mature infrastructure that underpins conventional finance, thereby fostering greater confidence among institutional clients that are increasingly looking to allocate capital to digital assets. BNP Paribas, one of Europe’s largest banking groups, also reaffirmed its confidence in Kaiko’s vision.
The bank’s involvement signals a broader trend among legacy financial institutions to deepen their engagement with the crypto sector, not merely through speculative exposure but by integrating robust data pipelines into their trading, risk‑management, and client‑service platforms. BNP Paribas’ investment is likely to facilitate joint initiatives that explore how Kaiko’s continuous data feeds can be embedded within the bank’s own analytics suites, potentially offering clients a seamless view of both fiat and crypto markets.
In addition to the financial heavyweights, several exchange operators—entities that run some of the world’s most liquid cryptocurrency markets—have joined the round. Their participation underscores the mutual interest in establishing a standardized, high‑quality data layer that benefits both exchanges and their users.
By supporting Kaiko’s expansion, these operators help ensure that price discovery, order‑book depth, and trade‑execution metrics are captured accurately and delivered without latency, which is essential for high‑frequency trading strategies and for meeting the stringent reporting requirements that regulators are beginning to impose on digital‑asset activities. The newly raised funds will be deployed across several strategic fronts. First, Kaiko plans to enhance its data‑collection infrastructure, scaling up its network of nodes and improving its ingestion pipelines to handle the ever‑increasing volume of transactions across dozens of blockchains. This technical upgrade will enable the company to provide truly continuous, tick‑by‑tick data, reducing the gaps that have historically plagued crypto‑market data providers.
Second, the capital will support the development of advanced analytics tools, such as real‑time volatility indices, on‑chain transaction flow metrics, and predictive models that leverage machine learning to surface actionable insights for traders and asset managers. A third priority is expanding Kaiko’s global sales and support footprint. With a growing base of institutional clients—from hedge funds and asset managers to custodians and compliance firms—Kaiko intends to open new regional offices, hire additional data engineers, and bolster its customer‑success teams.
This will help the company deliver localized support, comply with jurisdiction‑specific data‑privacy regulations, and tailor its product offerings to the nuanced needs of different markets. Regulatory considerations also feature prominently in Kaiko’s growth agenda. As regulators worldwide sharpen their focus on crypto‑asset transparency and market integrity, having a reliable, auditable data source becomes a competitive advantage.
Kaiko’s partnership with S&P Global is expected to accelerate the implementation of rigorous data‑validation frameworks, ensuring that the information it supplies can be used for regulatory reporting, stress‑testing, and anti‑money‑laundering (AML) checks. This alignment with best‑in‑class compliance standards will likely make Kaiko a preferred vendor for firms that must meet stringent oversight requirements. Industry observers note that the $110 million Series B round places Kaiko among the most heavily funded data‑as‑a‑service (DaaS) players in the cryptocurrency space.
The valuation implied by the round reflects the market’s belief that high‑quality, continuous data will be a cornerstone of the next wave of crypto‑finance innovation, encompassing decentralized finance (DeFi) protocols, tokenised securities, and the emerging concept of digital‑asset custodial services for traditional banks. In summary, Kaiko’s expanded Series B financing, bolstered by the strategic involvement of S&P Global, BNP Paribas, and leading exchange operators, equips the company with the resources needed to cement its position as a premier provider of continuous crypto‑market data. The infusion will drive technical enhancements, broaden product offerings, and reinforce compliance capabilities, all of which are essential for serving an increasingly sophisticated institutional clientele.
As the crypto market continues to mature and integrate with the broader financial ecosystem, Kaiko’s expanded data infrastructure and strategic partnerships are poised to play a pivotal role in shaping how market participants access, interpret, and act upon digital‑asset information.