Kaiko has extended its Series B financing to $110 million through a strategic investment led by S&P Global, bringing some of the largest traditional financial institutions deeper into digital-asset market infrastructure. The financing will support Kaiko’s institutional data business and its expanding infrastructure for tokenized and on-chain capital markets, where reliable pricing, analytics and standardized data are becoming increasingly important.
According to Kaiko’s official funding announcement, S&P Global was joined by BNP Paribas, Bpifrance, Broadridge, Canton Foundation, Coinbase Ventures, DRW Venture Capital, Nasdaq Ventures, Royal Bank of Canada, Stellar and Susquehanna Private Equity Investments. Existing investors Anthemis, Point Nine and Revaia also participated. The transaction extends Kaiko’s Series B to $110 million rather than representing a separate $110 million raise.
Institutional Investors Target On-Chain Data Infrastructure
Kaiko currently provides regulated market data covering more than 150 exchanges and protocols, supporting trading, valuation, risk management and digital-asset benchmarks. The new capital is intended to strengthen both that core operation and infrastructure capable of delivering market data directly to smart contracts while converting blockchain activity into standardized institutional datasets.
CEO Ambre Soubiran characterized the investors as strategic partners rather than passive shareholders, saying they will help shape how institutional capital moves on-chain. Participating institutions are also joining a Kaiko-chaired Strategic Industry Working Group focused on the data requirements of tokenized markets. That structure gives banks, market infrastructure providers and blockchain firms a direct role in developing common operational standards.
S&P Global’s involvement builds on an existing relationship between the companies. Earlier in September, S&P Dow Jones Indices and Kaiko combined their digital-asset index offerings under the S&P Kaiko Digital Asset Indices brand. The partnership connects Kaiko’s crypto-native data infrastructure with S&P’s benchmark governance, licensing and institutional distribution capabilities.
Kaiko Expands Through Regulation and Acquisitions
The funding follows Kaiko’s acquisitions of Cometh, a MiCA-authorized DeFi infrastructure provider, and Amberdata, a U.S. digital-asset market-data company. Those transactions broaden Kaiko’s capabilities across both decentralized infrastructure and conventional institutional market data, while expanding its presence in the United States and Europe.
Kaiko also holds SOC 1 and SOC 2 Type 2 attestations, while Kaiko Indices is authorized as a benchmark administrator under the EU Benchmark Regulation. Cometh separately holds authorization from France’s AMF as a crypto-asset service provider under MiCA. Those regulatory and control frameworks are central to Kaiko’s effort to make blockchain-derived information usable inside compliance-heavy institutional workflows.
The financing reflects a broader shift as established financial companies prepare for tokenized equities, bonds, funds and other assets to operate on blockchain rails. For Kaiko, the strategic opportunity is to become the data layer connecting 24/7 on-chain markets with the pricing, risk and reporting systems already used by traditional institutions.
