Paris-based digital asset data provider Kaiko extends a funding round to $110M led by S&P Global to support 24/7 continuous market data and asset tokenization
First reported by Bloomberg ·
Real-time digital asset market data feeds now include a broader set of verified, institutional-grade sources.
Kaiko, a Paris-based digital asset data provider, has extended its Series B funding round to $110 million. The round was led by S&P Global, with participation from existing investors DRW Holdings LLC, Susquehanna, and Royal Bank of Canada. This capital infusion is intended to accelerate Kaiko's expansion of its 24/7 continuous market data services and support its initiatives in asset tokenization. The company plans to enhance its existing offerings and develop new products to meet the growing demand for reliable digital asset data and infrastructure.
The significant investment from S&P Global and other major financial institutions signals growing institutional confidence in the digital asset market and its infrastructure. Kaiko's ability to secure such substantial funding underscores the increasing demand for regulated and professional-grade data solutions in this nascent but rapidly evolving sector. This move by S&P Global suggests a strategic push to integrate digital asset data into traditional financial market analysis and reporting frameworks.
Kaiko's focus on 24/7 continuous market data and asset tokenization indicates a market readiness for more sophisticated, real-time financial tools for cryptocurrencies and tokenized securities. The expansion of these services will likely enable traditional financial players to engage more deeply with digital assets, potentially leading to greater market liquidity and the development of new financial products. This funding positions Kaiko as a key player in bridging the gap between traditional finance and the digital asset ecosystem.
AI-written summary. May contain errors.