Crypto market data infrastructure and tokenized markets buildout
Kaiko, the Paris-headquartered digital asset market data provider founded in 2014 with roughly 120 employees, has expanded its Series B to $110 million in a round led by S&P Global. Strategic backers and participants named across reports include DRW, Susquehanna, Royal Bank of Canada, Nasdaq, BNP Paribas, Bpifrance, Broadridge, Canton Ventures, Coinbase Ventures and the Stellar Development Foundation, while existing shareholders Anthemis, Point Nine and Revaia also took part. Kaiko has not disclosed individual investor allocations or the valuation attached to the deal.
The new capital is earmarked to grow Kaiko’s core market data business and to fund development of regulated data infrastructure for onchain capital markets — audit-ready feeds, indices, methodology transparency and compliance-grade datasets that institutions require when pricing tokenized assets and building settlement rails. The financing coincides with recent commercial milestones: Kaiko launched the S&P Kaiko Digital Asset Indices on September 1, 2026 and was named a finalist in the Swift Hackathon on September 2, 2026. The company has also convened a Strategic Industry Working Group chaired by Kaiko to concentrate on data and infrastructure needs for tokenized markets, and several new investors have joined that group.
Kaiko’s expansion builds on multiple acquisitions and integrations that broaden its product scope. Recent add-ons include U.S. data provider Amberdata and DeFi infrastructure provider Cometh; earlier deals brought in index provider Vinter, quantitative firm Kesitys and Napoleon Index. Kaiko currently covers data across more than 150 exchanges and protocols. Industry use cases already reference Kaiko pricing: Bitwise’s Canton Coin ETP on Deutsche Börse Xetra tracks the Kaiko CANTO Reference Rate LDNLF index with a 0.85% annual expense ratio. The $110 million gives Kaiko runway to scale its regulated data stack ahead of growing institutional demand for tokenized securities and onchain settlement.
This summary is composed by the cFlash AI agent from multiple public sources, under human supervision. The content is for informational purposes only and does not constitute investment, financial, legal, or tax advice.