Key Takeaways
- • S&P Global leads a $110 million Series B extension for Kaiko, a Paris-based crypto data and analytics firm, alongside institutional co-investors including BNP Paribas, Nasdaq Ventures, Coinbase Ventures, Royal Bank of Canada, and DRW Trading.
- • Kaiko, founded in 2014, supplies institutional-grade market data, analytics, and crypto indices to banks, asset managers, exchanges, and financial institutions while tracking over 150 exchanges and protocols.
- • The company holds SOC 1 and SOC 2 Type 2 attestations and operates as a registered benchmark administrator under EU Benchmark Regulation, positioning it as a regulated player in the crypto data infrastructure space.
- • Capital will be deployed to expand two business segments: its existing digital-asset data operations and a newer on-chain capital markets infrastructure product for tokenized and traditional markets.
- • The funding round reflects institutional appetite for regulated crypto market infrastructure, with participation from legacy financial institutions (BNP Paribas, RBC, Broadridge) alongside crypto-native investors (Coinbase Ventures, Stellar).
Summary
Kaiko has closed a $110 million Series B funding round led by S&P Global, marking a significant expansion of the crypto data provider's institutional backing and capital base. The round features a notably broad coalition of co-investors spanning traditional finance, cryptocurrency-native firms, and trading houses: BNP Paribas, Nasdaq Ventures, Coinbase Ventures, Royal Bank of Canada, DRW Trading, Broadridge, Susquehanna Private Equity Investments, the Canton Foundation, Stellar, and Bpifrance. Existing shareholders Anthemis, Point Nine Capital, and Revaia are also participating in the extension.
Founded in 2014 and headquartered in Paris, Kaiko operates as an institutional-grade market data and analytics provider for the cryptocurrency and tokenized asset sectors. The firm tracks data from over 150 exchanges and protocols, serving a client base that includes banks, asset managers, exchanges, and other regulated financial institutions. The company has established regulatory credibility through SOC 1 and SOC 2 Type 2 attestations from a Big Four audit firm and operates as a registered benchmark administrator under the EU Benchmark Regulation, a designation that reflects compliance with stringent data governance standards.
The capital will support expansion of two distinct business segments. The first encompasses Kaiko's established digital-asset data and market analytics operations. The second, more recent offering focuses on on-chain capital markets infrastructure, positioning the company to serve both traditional and tokenized market participants. This dual-track strategy suggests Kaiko is positioning itself as a bridge between legacy financial infrastructure and decentralized market participants.
The breadth of the investor syndicate—combining tier-one financial institutions, major exchanges, crypto-native venture arms, and proprietary trading firms—underscores institutional confidence in regulated crypto market data as essential infrastructure. S&P Global's leadership of the round is particularly significant, given the index and data company's role in establishing market standards for traditional asset classes. The participation of BNP Paribas, RBC, and Broadridge signals that major global financial services firms view Kaiko's compliance posture and data precision as critical to institutional participation in digital assets.
Founded in 2014 and headquartered in Paris, Kaiko operates as an institutional-grade market data and analytics provider for the cryptocurrency and tokenized asset sectors. The firm tracks data from over 150 exchanges and protocols, serving a client base that includes banks, asset managers, exchanges, and other regulated financial institutions. The company has established regulatory credibility through SOC 1 and SOC 2 Type 2 attestations from a Big Four audit firm and operates as a registered benchmark administrator under the EU Benchmark Regulation, a designation that reflects compliance with stringent data governance standards.
The capital will support expansion of two distinct business segments. The first encompasses Kaiko's established digital-asset data and market analytics operations. The second, more recent offering focuses on on-chain capital markets infrastructure, positioning the company to serve both traditional and tokenized market participants. This dual-track strategy suggests Kaiko is positioning itself as a bridge between legacy financial infrastructure and decentralized market participants.
The breadth of the investor syndicate—combining tier-one financial institutions, major exchanges, crypto-native venture arms, and proprietary trading firms—underscores institutional confidence in regulated crypto market data as essential infrastructure. S&P Global's leadership of the round is particularly significant, given the index and data company's role in establishing market standards for traditional asset classes. The participation of BNP Paribas, RBC, and Broadridge signals that major global financial services firms view Kaiko's compliance posture and data precision as critical to institutional participation in digital assets.
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