S&P Global Leads Kaiko’s $110M Series B Extension
S&P Global has led a strategic investment that raises crypto data provider Kaiko’s cumulative Series B funding to $110 million. Kaiko’s original Series B raised $53 million in June 2022, implying a $57 million increase, although the company did not disclose the latest investment size, valuation or ownership details.
The financing includes BNP Paribas, Nasdaq Ventures, Coinbase Ventures, Royal Bank of Canada, Bpifrance, Broadridge, Canton Foundation, Stellar, DRW Venture Capital and Susquehanna Private Equity Investments. Existing investors Anthemis, Point Nine and Revaia also participated.
Kaiko said the capital will support regulated digital-asset data services and on-chain capital-markets infrastructure. Its platform covers more than 150 exchanges and protocols and is designed for 24/7 crypto and tokenised markets. Kaiko has also expanded through its Cometh and Amberdata acquisitions, while its S&P Kaiko Digital Asset Indices are expected to cover more than 4,000 rates and indices.
The investors will join a Strategic Industry Working Group focused on data standards for tokenised financial markets. The deal strengthens institutional links between traditional finance, crypto market data and tokenised assets. For traders, the immediate price impact is likely to be limited, while improved liquidity analysis, valuation tools and institutional adoption could support the market over the longer term.
Neutral
The funding is strategically positive for Kaiko and the broader digital-asset market infrastructure, but it does not directly create buying pressure for a specific cryptocurrency. In the short term, traders are unlikely to reprice major crypto assets significantly because the investment size, valuation and ownership details were not disclosed, and the deal concerns data services rather than token purchases or network activity.
Over the longer term, Kaiko’s expanded platform, institutional partnerships and tokenised-market working group could improve price discovery, liquidity monitoring and risk management. Its acquisitions and index products may also make digital assets more accessible to banks and asset managers. These developments could support market stability and adoption, but the effect is indirect and gradual. Similar infrastructure funding announcements have generally produced limited immediate price moves, so the expected impact on cryptocurrency prices is neutral.