Kaiko, a fast‑growing provider of digital‑asset market data, has announced that its Series B financing round has been expanded to a total of $110 million. The additional capital comes from a consortium of prominent investors, most notably the financial‑ratings powerhouse S&P Global, alongside the French banking giant BNP Paribas, as well as a group of established traditional banks and exchange operators that have already shown confidence in Kaiko’s vision. The infusion of funds is intended to accelerate Kaiko’s strategic shift toward delivering continuous, real‑time market‑data services for the cryptocurrency ecosystem.
While the company originally focused on aggregating and normalising historical price and trade information, it now aims to build a robust infrastructure that can supply live, high‑frequency data streams to institutional traders, asset managers, fintech firms, and regulatory bodies. By doing so, Kaiko hopes to close the data‑quality gap that has long hampered the mainstream adoption of digital assets. S&P Global’s participation is particularly significant because it signals a broader endorsement from the traditional financial‑services sector. As a globally recognised authority on credit ratings, indices, and analytics, S&P Global brings more than just capital to the table; it offers deep expertise in data governance, standardisation, and compliance.
The partnership is expected to help Kaiko align its data‑delivery mechanisms with the rigorous standards required by institutional investors and regulators, thereby enhancing the credibility and reliability of cryptocurrency market information. BNP Paribas, one of Europe’s largest banks, also joined the round, underscoring the growing interest among legacy financial institutions in the crypto‑related data space.
The bank’s involvement provides Kaiko with valuable insights into the operational needs of large‑scale banking operations, such as risk management, anti‑money‑laundering (AML) monitoring, and portfolio analytics. These insights will inform the design of Kaiko’s next‑generation APIs and data products, ensuring they meet the exacting performance, security, and latency requirements of high‑volume traders and compliance teams. In addition to S&P Global and BNP Paribas, the round attracted participation from several other established banks and exchange operators that have already been early adopters of Kaiko’s services. Their continued support reflects a consensus that reliable, real‑time crypto market data is becoming an essential component of modern financial infrastructure.
By pooling resources and expertise, these investors aim to foster an ecosystem where digital‑asset data can be accessed as seamlessly as traditional equity or fixed‑income information. The expanded funding will be allocated across several key initiatives. First, Kaiko plans to scale its data‑collection network, adding more nodes and partnerships with exchanges worldwide to capture a broader spectrum of trade activity, including emerging markets and decentralized finance (DeFi) platforms.
Second, the company will invest heavily in its data‑processing pipelines, leveraging cloud‑native technologies and advanced analytics to reduce latency and improve the granularity of its feeds. Third, Kaiko intends to develop a suite of premium products tailored for institutional clients, such as real‑time order‑book depth, market‑impact analytics, and predictive indicators that incorporate machine‑learning models. Another important focus area is regulatory compliance.
As governments and supervisory bodies around the globe tighten oversight of digital‑asset markets, the demand for transparent, auditable data sources is rising. Kaiko’s partnership with S&P Global positions it to adopt best‑in‑class data‑quality frameworks, making its offerings suitable for reporting obligations, stress‑testing, and systemic‑risk monitoring. This alignment could also open doors for Kaiko to become a preferred data vendor for central banks and international organisations that are exploring the integration of crypto assets into their financial stability assessments.
From a market‑growth perspective, the additional capital will enable Kaiko to expand its sales and customer‑success teams, targeting new verticals such as hedge funds, insurance companies, and corporate treasury departments that are increasingly allocating capital to crypto‑related strategies. By providing them with reliable, low‑latency data, Kaiko aims to become the backbone of their decision‑making processes, much like Bloomberg or Refinitiv serve the traditional finance world.
Overall, the extension of Kaiko’s Series B round to $110 million reflects a broader trend of convergence between traditional finance and the digital‑asset sector. With heavyweight investors like S&P Global and BNP Paribas backing its vision, Kaiko is well‑positioned to lead the next wave of innovation in continuous market‑data services, delivering the speed, accuracy, and compliance that institutional participants demand.
The company’s roadmap, bolstered by this substantial infusion of capital, promises to reshape how market participants access and utilise cryptocurrency data, paving the way for deeper integration of digital assets into the global financial system.