S&P Global Leads $110 Million Investment in Crypto Data Firm Kaiko
Kaiko Secures $110 Million in Series B Extension Led by S&P Global
S&P Global has led a strategic investment in crypto data provider Kaiko, extending the company's Series B funding round to $110 million. This move brings together several major financial institutions to back the firm that supplies market data for digital assets.
Key Investment Details
- S&P Global led the investment round.
- The Series B total now stands at $110 million, building on the $53 million raised in June 2022.
- Other participants include BNP Paribas, Bpifrance, Broadridge, Canton Foundation, Coinbase Ventures, DRW Venture Capital, Nasdaq Ventures, Royal Bank of Canada, Stellar, and Susquehanna Private Equity Investments.
- Existing shareholders Anthemis, Point Nine, and Revaia also joined.
S&P Global's View on Digital Asset Future
S&P Dow Jones Indices CEO Cathy Clay commented, "As digital assets accelerate, S&P Global is investing for the future, and this investment underscores that conviction."
Confirmed Facts from the Announcement
- Kaiko provides market data for digital assets, covering over 150 exchanges and protocols.
- The fresh capital will support Kaiko's core market data business and expand its data infrastructure for onchain capital markets, which refers to financial systems built on blockchain technology.
- Kaiko has recently acquired DeFi infrastructure provider Cometh and U.S. digital asset data firm Amberdata.
- Earlier this month, Kaiko launched the S&P Kaiko Digital Asset Indices with S&P Dow Jones Indices.
Valuation Not Disclosed
Kaiko did not disclose its valuation for the latest investment round.
Why This Investment Matters for Crypto Data
The investment highlights growing institutional interest in crypto data infrastructure, which is crucial for developing tokenized markets—digital representations of assets on blockchains.
Plans for the New Capital
Kaiko will use the funds to enhance its core services and expand into onchain capital markets data.