S&P Global Backs Kaiko with $110M in Series B Funding
S&P Global has led a strategic investment in Kaiko, a Paris-based crypto market data provider. This move extends Kaiko's Series B funding to $110 million as it expands its data infrastructure for tokenized financial markets.
The round also included investors like BNP Paribas, Bpifrance, Broadridge, Canton Foundation, Coinbase Ventures, DRW Venture Capital, Nasdaq Ventures, Royal Bank of Canada, Stellar, and Susquehanna Private Equity Investments. These partners will join Kaiko in developing data and infrastructure for tokenized financial products through a working group.
Kaiko's CEO Ambre Soubiran stated that the investors bring expertise from various areas of digital asset markets, including pricing, trading, capital allocation, and blockchain development.
The funding will support Kaiko's core business in providing digital asset market data and its expansion into onchain financial infrastructure. This includes services for tokenized Treasury bills, money market funds, equities, and bonds.