Key Takeaways
- • Kaiko, a digital asset data provider founded in 2014, has extended its Series B funding round to $110 million, led by S&P Global alongside 12 additional institutional investors including Nasdaq, BNP Paribas, Coinbase Ventures, and Royal Bank of Canada.
- • The funding targets infrastructure development for 24/7 tokenized markets, with planned expansion of Kaiko's services into institutional asset classes including Treasuries, money market funds, equities, and bonds beyond traditional digital assets.
- • Kaiko operates as a regulated institutional-grade data provider covering over 150 exchanges and protocols, offering real-time and historical data feeds, APIs, liquidity analytics, pricing indices, derivatives data, and on-chain infrastructure.
- • The investor consortium—spanning pricing, trading, capital allocation, and blockchain functions—will participate in a Strategic Industry Working Group chaired by Kaiko to establish data standards and infrastructure for tokenized products as financial institutions accelerate onchain asset migration.
- • The round reflects institutional capital's confidence in onchain capital markets infrastructure, with marquee financial services firms (S&P Global, BNP Paribas, RBC, Nasdaq Ventures) co-investing alongside venture capital arms and alternative asset managers.
Summary
Kaiko has closed an extended Series B funding round valued at $110 million, anchored by S&P Global and supported by a consortium of 12 co-investors representing major global financial institutions and alternative asset managers. The investment syndicate includes BNP Paribas, Nasdaq Ventures, Broadridge, Coinbase Ventures, DRW Venture Capital, Royal Bank of Canada, Stellar Development Foundation, and Susquehanna Private Equity Investments, along with existing shareholders Anthemis Group, Point Nine Capital, and Revaia.
Founded in 2014, Kaiko provides institutional-grade market data and analytics infrastructure across crypto exchanges and blockchain networks. The company's service offerings encompass real-time and historical data feeds, application programming interfaces (APIs), liquidity and market-quality analytics, pricing indices, derivatives data, and on-chain data infrastructure. Kaiko currently covers over 150 exchanges and protocols, positioning itself as a regulated data provider for institutional participants.
The funding deployment will focus on expanding Kaiko's data infrastructure capabilities to support tokenized markets operating continuously on blockchain networks. As financial institutions accelerate the migration of assets onchain, Kaiko aims to extend its offerings beyond digital assets into institutional asset classes including U.S. Treasuries, money market funds, equities, and fixed-income products. According to CEO Ambre Soubiran, the investor group represents "core functions of digital asset markets: pricing, trading, capital allocation, and blockchain development," viewing participants as strategic partners rather than passive shareholders.
A significant component of the capital round involves the creation of a Strategic Industry Working Group chaired by Kaiko. This consortium of investors will collaborate to develop standardized data protocols and infrastructure frameworks for tokenized products, effectively shaping how institutional capital—including traditional asset managers and financial services firms—interfaces with onchain markets. This governance structure suggests the investor group seeks to establish Kaiko as the foundational data layer for institutional-scale tokenized capital markets.
Founded in 2014, Kaiko provides institutional-grade market data and analytics infrastructure across crypto exchanges and blockchain networks. The company's service offerings encompass real-time and historical data feeds, application programming interfaces (APIs), liquidity and market-quality analytics, pricing indices, derivatives data, and on-chain data infrastructure. Kaiko currently covers over 150 exchanges and protocols, positioning itself as a regulated data provider for institutional participants.
The funding deployment will focus on expanding Kaiko's data infrastructure capabilities to support tokenized markets operating continuously on blockchain networks. As financial institutions accelerate the migration of assets onchain, Kaiko aims to extend its offerings beyond digital assets into institutional asset classes including U.S. Treasuries, money market funds, equities, and fixed-income products. According to CEO Ambre Soubiran, the investor group represents "core functions of digital asset markets: pricing, trading, capital allocation, and blockchain development," viewing participants as strategic partners rather than passive shareholders.
A significant component of the capital round involves the creation of a Strategic Industry Working Group chaired by Kaiko. This consortium of investors will collaborate to develop standardized data protocols and infrastructure frameworks for tokenized products, effectively shaping how institutional capital—including traditional asset managers and financial services firms—interfaces with onchain markets. This governance structure suggests the investor group seeks to establish Kaiko as the foundational data layer for institutional-scale tokenized capital markets.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.