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

S&P Global has led an investment round in Kaiko, a Paris-based cryptocurrency market data firm, pushing its Series B total to $110 million.

The round included investors such as BNP Paribas, Nasdaq Ventures, Royal Bank of Canada, and Coinbase Ventures, among others.

Kaiko plans to use the funds to expand its data infrastructure for tokenized securities and onchain markets.

The investors will also join a Kaiko-led industry working group focused on building data and infrastructure for tokenized financial products.

Kaiko's CEO, Ambre Soubiran, said that the investors cover key areas including pricing, trading, capital allocation, and blockchain development.