Kaiko Secures Additional Funding from S&P Global and Major Banks

Kaiko, a provider of crypto market data, has increased its Series B funding round to $110 million. The funding round now includes notable participants such as S&P Global and BNP Paribas, alongside existing investors. This capital infusion aims to support Kaiko's expansion into continuous market data services, which are increasingly vital for institutional investors and market participants seeking real-time insights into cryptocurrency markets.

The involvement of S&P Global, a major player in financial ratings and data, underscores the growing integration of traditional finance firms into the crypto ecosystem. BNP Paribas, a leading European bank, also joins as a strategic investor, signaling increased institutional interest in crypto data infrastructure.

Kaiko's platform provides comprehensive market data, including order book information, trade data, and price indices, which are crucial for trading, risk management, and regulatory compliance. The additional funding is expected to accelerate the development of Kaiko's data offerings and expand its client base across the financial industry.

This funding round highlights the ongoing trend of traditional financial institutions investing in crypto infrastructure, reflecting the maturation of the digital asset ecosystem and the increasing demand for reliable, real-time market data.