S&P Global backs Kaiko as Series B reaches $110M
S&P Global led a strategic investment that increased Paris-based Kaiko’s Series B round to $110 million as the crypto market data firm expands into data infrastructure for tokenized financial markets. The round drew participation from a mix of banks, market infrastructure firms and crypto investors and will support Kaiko’s core data products and its push into onchain services for tokenized securities and cash-market instruments.
Why It Matters
The investment unites major financial institutions with a crypto data provider at a moment when exchanges, clearinghouses and other market operators are ramping up tokenization efforts. That alignment could accelerate development of standardized data and infrastructure needed for institutional use of onchain financial products.
Key Facts
- Series B total: $110 million
- Lead investor: S&P Global
- Other participants: BNP Paribas, Bpifrance, Broadridge, Canton Foundation, Coinbase Ventures, DRW Venture Capital, Nasdaq Ventures, Royal Bank of Canada, Stellar, Susquehanna Private Equity Investments
- Company headquarters: Paris
- Kaiko CEO: Ambre Soubiran
S&P Global has led a strategic investment that brings Kaiko’s Series B financing to a total of $110 million, the Paris-based crypto market data provider said. The round included a diverse set of financial and crypto-focused investors, and Kaiko plans to use the proceeds to bolster its existing digital asset market data services and to build out onchain financial infrastructure.
Kaiko said the funding will back expansion into data offerings for tokenized Treasury bills, money market funds, equities and bonds, and the participating investors will join a Kaiko-led industry working group charged with creating data and infrastructure standards for tokenized products. CEO Ambre Soubiran described the investor base as spanning pricing, trading, capital allocation and blockchain development, positioning them as partners for institutional onchain finance.
The new capital follows several recent moves by Kaiko to broaden its institutional footprint. The company acquired onchain infrastructure provider Cometh in May and US digital asset data firm Amberdata in June, and earlier in the year it partnered with Bloomberg in February to place licensed financial data onchain.
The funding arrives as established market operators and infrastructure providers increase their work on tokenization. In March, Intercontinental Exchange (ICE) agreed with Securitize to develop standards and infrastructure for tokenized securities, and Nasdaq won SEC approval to pilot trading tokenized stocks and ETFs alongside traditional securities. In July, the DTCC executed production trades using DTC-tokenized assets with more than 30 financial firms, and the SEC has scheduled a Sept. 17 roundtable to discuss preparations for 24-hour trading in US equities and related market-readiness and investor-protection issues.
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