S&P Global Invests $110M in Crypto Data Firm Kaiko

S&P Global has led a strategic investment in crypto data firm Kaiko, increasing its Series B funding round to $110 million.

The new investors have joined Kaiko's existing shareholders and will participate in a Strategic Industry Working Group chaired by the company. The group will focus on data and infrastructure for tokenized markets.

Kaiko has used previous funding rounds to expand its data infrastructure offering for onchain capital markets, and it plans to continue doing so with this new investment.

The addition of S&P Global as a strategic investor underscores the growing importance of digital assets in the financial industry. As Cathy Clay, CEO of S&P Dow Jones Indices, said, 'S&P Global is investing for the future'.