Key facts
- Crypto data provider Kaiko raised $110 million in a Series B funding round.
- S&P Global led the funding round, which also included BNP Paribas, Bpifrance, Broadridge, Coinbase Ventures, Nasdaq Ventures, and Royal Bank of Canada.
- The funds will support Kaiko's digital asset market data business and its expansion into onchain financial infrastructure for tokenized assets.
- Participating investors will join an industry working group focused on developing data and infrastructure for tokenized financial products.
- Kaiko acquired onchain infrastructure provider Cometh in May and digital asset data provider Amberdata in June.
Crypto data provider Kaiko has raised $110 million in a Series B funding round led by S&P Global, signaling growing institutional interest in digital asset markets and tokenized securities. The investment will fuel Kaiko's expansion of its data infrastructure for onchain financial markets, including data services for tokenized Treasury bills, money market funds, equities, and bonds.
Additional investors in the round include BNP Paribas, Bpifrance, Broadridge, Canton Foundation, Coinbase Ventures, DRW Venture Capital, Nasdaq Ventures, Royal Bank of Canada, Stellar, and Susquehanna Private Equity Investments. These investors will also participate in a Kaiko-led industry working group focused on developing data and infrastructure for tokenized financial products. Kaiko CEO Ambre Soubiran stated that the investors span key areas of digital asset markets and will serve as partners in building institutional onchain finance infrastructure.
The funding follows Kaiko's recent acquisitions of onchain infrastructure provider Cometh and digital asset data provider Amberdata, as well as a partnership with Bloomberg to bring licensed financial data onchain. This expansion occurs as major financial institutions like Intercontinental Exchange, Nasdaq, and the Depository Trust & Clearing Corporation (DTCC) are actively developing infrastructure and standards for tokenized securities and 24/7 trading.