S&P Global Leads $110M Funding Round for Kaiko Amid Growing Tokenization Efforts
S&P Global led Kaiko's Series B extension to $110 million in funding, a significant boost for the company's market data business and infrastructure development. The round also saw participation from several other financial and crypto firms, including BNP Paribas, Coinbase Ventures, Nasdaq Ventures, Royal Bank of Canada, Stellar, and existing shareholders Anthemis, Point Nine, and Revaia.
The new investment will be used to strengthen Kaiko's market data business and expand its infrastructure into onchain capital markets. This area is gaining traction as banks and other financial firms explore tokenized securities, settlement systems, and blockchain-based financial products.
Kaiko currently provides data covering over 150 exchanges and protocols. The company's data and infrastructure are being developed in collaboration with a Strategic Industry Working Group chaired by Kaiko, which aims to concentrate on the data and infrastructure needed for tokenized markets.