S&P Global Bolsters Kaiko's $110M Funding Round for Tokenized Market Data
S&P Global has invested in Kaiko, raising its Series B funding round to $110 million. This strategic investment comes as Kaiko expands its infrastructure for tokenized financial markets.
The round attracted a mix of traditional finance and technology investors, including major market players like Nasdaq Ventures and Coinbase Ventures. Kaiko plans to use the additional capital to support its existing digital asset market data business and develop onchain financial infrastructure, particularly for tokenized Treasury bills, money market funds, equities, and bonds.
The funding round includes a collaboration between investors and Kaiko to establish an industry working group focused on developing data standards for tokenized products. This effort aims to address the operational challenges of providing consistent and reliable market data for institutional participants in digital asset markets.