Crypto data provider Kaiko has secured $110 million in a funding round led by S&P Global, signaling increased interest from traditional financial institutions in digital asset markets. The funds will be used to enhance Kaiko's data business and expand its product offerings.
The investment highlights a significant trend of traditional financial institutions increasing their engagement with and investment in the digital asset ecosystem, signaling a potential for greater integration and acceptance of crypto-related data and services.
New York-based crypto data provider Kaiko has raised $110 million in a funding round led by S&P Global, indicating growing interest from mainstream financial institutions in tracking digital asset markets. The investment underscores S&P Global's conviction in the accelerating digital asset space, according to Cathy Clay, CEO of S&P Dow Jones Indices.
Additional investors in the round include BNP Paribas, Nasdaq, Royal Bank of Canada, French state investor Bpifrance, and U.S. trading firm Susquehanna. Kaiko, founded in France in 2014, plans to use the funds to bolster its data business and broaden its product offerings, which currently encompass more than 150 different exchanges and crypto protocols.
The investment comes as cryptocurrencies like bitcoin have retreated from their late 2025 peaks, yet financial institutions are increasingly exploring 'tokenisation' – the creation of crypto tokens representing traditional assets like stocks and bonds. This trend has prompted regulatory warnings regarding investor risks, particularly as some crypto exchanges offer products based on stocks, such as perpetual futures.