S&P Global Backs Crypto Data Provider Kaiko with $110 Million
S&P Global led a $110 million funding round for crypto data provider Kaiko, extending its Series B to this total. The investment brings in a wide range of strategic backers alongside S&P Global, including BNP Paribas, Bpifrance, Broadridge, and Coinbase Ventures. Kaiko provides market data infrastructure across 150 exchanges and blockchain protocols, serving institutions that need reliable pricing, liquidity, and reference data for digital assets.
The company has now raised $187 million in total since its Series A in 2021. S&P Global's investment underscores the firm's conviction that digital assets will accelerate, according to Cathy Clay, chief executive of S&P Dow Jones Indices.
The capital will go toward strengthening Kaiko's core market data business and expanding its infrastructure for onchain capital markets. Demand is growing from institutions building tokenized-asset products that require continuous data feeds similar to traditional 24/7 digital asset markets.