Kaiko extends Series B funding round to $110 million with S&P Global, BNP Paribas
Blockchain analytics firm Kaiko has extended its Series B funding round to $110 million with participation from major financial institutions like S&P Global and BNP Paribas. The company plans to use the capital to scale its data infrastructure for 24/7 digital asset markets.
Why it matters
Increased institutional investment in crypto-native data firms signals a maturing digital asset market and growing integration with traditional finance.
Kaiko announced the Series B in May 2022 , when it raised $53 million, tripling its valuation, which remains undisclosed. A year earlier, the firm closed a $24 million Series A funding round led by Anthemis and Underscore VC. The new money will be used to expand its data infrastructure to support the growth of 24/7 digital markets, the firm announced Monday.
The blockchain analytics firm did not immediately respond to a CoinDesk request for further information.
S&P Global was joined in the round by BNP Paribas, Coinbase Ventures, Nasdaq, Royal Bank of Canada and Stellar among others, Kaiko said.
“Digital asset markets operate 24/7, and the infrastructure supporting them must do the same,” Kaiko said, adding that the funding demonstrates that institutions running today’s capital markets are investing in the data infrastructure required to operate tokenized markets.
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