Kaiko has extended its Series B funding to $110 million through a strategic investment led by S&P Global as the digital asset data company expands infrastructure for tokenized and onchain financial markets. S&P Global was joined by Alura Capital, BNP Paribas, Bpifrance, Broadridge, Canton Foundation, Coinbase Ventures, DRW Venture Capital, Nasdaq Ventures, Royal Bank of Canada, Stellar and Susquehanna Private Equity Investments. Existing investors Anthemis, Point Nine and Revaia also participated.
Kaiko provides regulated institutional-grade data and infrastructure for digital asset markets and covers more than 150 exchanges and protocols.
The company’s core business provides market data used by financial institutions, while its expanding infrastructure business is designed for onchain capital markets.
Those capabilities include delivering proprietary market data to smart contracts, converting onchain financial activity into standardized off-chain data and supporting confidential valuation and analytics.
Kaiko expects demand for this infrastructure to increase as tokenization expands beyond digital-native assets into Treasury bills, money market funds, equities, bonds and other traditional financial instruments.
The financing will support both Kaiko’s core market data operations and its infrastructure services for tokenized financial markets.
Participating investors are also joining a Strategic Industry Working Group chaired by Kaiko.
The group is intended to give financial institutions a role in shaping the data and infrastructure required to bring tokenized financial products into production.
Kaiko has recently expanded through the acquisitions of Cometh, a regulated decentralized finance infrastructure provider, and Amberdata, a digital asset market data company that had been one of Kaiko’s largest U.S. competitors.
The company has also launched the S&P Kaiko Digital Asset Indices suite and maintains a data collaboration with Bloomberg.
Those initiatives have expanded Kaiko’s U.S. presence as well as its technical and regulatory capabilities.
Founded in 2014, Kaiko serves banks, asset managers, exchanges and other financial institutions with data supporting trading, valuation, risk management, tokenized assets and onchain applications.
KEY QUOTES:
“The investors in this strategic round work across the core functions of digital asset markets: pricing, trading, capital allocation, and blockchain development. They are backing both the company Kaiko has built, a regulated institutional-grade data provider covering over 150 exchanges and protocols, and our vision to provide the data infrastructure layer for onchain capital markets. These are partners, not just shareholders. Together we will define how institutional money moves onchain.”
Ambre Soubiran, CEO of Kaiko
“As digital assets accelerate, S&P Global is investing for the future, and this investment underscores that conviction. Kaiko’s strength in crypto market data and analytics builds foundational transparency for the digital-asset ecosystem, turning complex trading and onchain activity into reliable, decision-ready intelligence.”
Cathy Clay, CEO of S&P Dow Jones Indices
“We are pleased to participate in this investment round alongside a diverse group of financial institutions. As tokenized finance continues to evolve, the demand for robust market infrastructure, enhanced transparency, and trusted data will become paramount.”
Joe Bonnaud, Head of Global Markets EMEA at BNP Paribas