Kaiko, a leading provider of cryptocurrency market data, has closed its Series B funding round at $110 million, with financial data giant S&P Global stepping in as a lead backer. The raise signals growing appetite among traditional financial institutions for the infrastructure powering tokenized securities and onchain markets.
Wall Street Deepens Its Crypto Data Bet
The expanded funding round pulls together a roster of established financial players, underscoring how quickly institutional interest in digital assets has matured. S&P Global's involvement is particularly notable, given the firm's central role in indexing and analytics across conventional markets.
Kaiko has built its reputation supplying pricing, liquidity and reference data for digital assets — the kind of granular market intelligence that large institutions require before committing capital. With fresh capital in hand, the company plans to broaden its data services to cover the emerging category of tokenized real-world assets.
When a data titan like S&P Global writes the check, it's a signal that tokenized finance has moved from experiment to strategy.
Tokenized Markets Take Center Stage
The push toward tokenization — representing traditional assets such as bonds, funds and equities on blockchain networks — has become a defining theme for the financial industry. Established firms increasingly see onchain settlement as a way to cut costs and speed up transactions, but they need reliable data to make it work at scale.
Kaiko's strategy centers on becoming the reference layer for these new markets, offering the transparency and standardization that regulated institutions demand. The company argues that trustworthy data is a prerequisite for tokenized securities to gain traction among conservative investors.
Key takeaways from the raise include:
- S&P Global joins as a lead investor, lending credibility to the round
- The Series B now totals $110 million
- Proceeds will fund expansion into tokenized securities and onchain data
The deal reflects a broader convergence between legacy finance and blockchain-native infrastructure, as institutions position themselves for a market they increasingly expect to become mainstream.