Kaiko, a provider of cryptocurrency market data, has expanded its Series B funding round to a total of $110 million, drawing in major traditional finance players including S&P Global and BNP Paribas as it pushes deeper into round-the-clock market data services.
Traditional Finance Backs a Crypto Data Firm
The extended funding round marks a notable moment for institutional adoption of digital-asset infrastructure. S&P Global, one of the world's largest financial rating and analytics companies, joined a group of established banks and exchange operators to support Kaiko's growth ambitions.
The participation of household names from traditional finance underscores how deeply crypto data services have become woven into mainstream financial operations. Rather than treating digital assets as a fringe interest, these institutions are investing directly in the pipelines that deliver pricing and market intelligence.
When ratings giants and global banks fund a crypto data firm, the line between traditional and digital finance keeps blurring.
Building Continuous Market Data Services
Kaiko intends to use the fresh capital to expand its offering of continuous market data services, catering to a market that never sleeps. Unlike traditional exchanges with fixed trading hours, crypto markets operate 24 hours a day, seven days a week, creating demand for uninterrupted, reliable data feeds.
The involvement of BNP Paribas and other exchange operators signals that established institutions want dependable, high-quality data as they build out their own digital-asset services. Accurate pricing and market information are essential for trading, risk management, and regulatory compliance.
Key takeaways from the funding news include:
- The Series B round now totals $110 million
- S&P Global and BNP Paribas are among the new backers
- The capital targets expansion of continuous market data services
With institutional interest in cryptocurrencies continuing to climb, Kaiko's enlarged war chest positions it to meet growing demand for the kind of robust data infrastructure that traditional finance firms have long relied upon in other asset classes.