Kaiko secured a lead investment from S&P Global, with the total scale of the latest financing round expanding to 110 million USD

Cryptocurrency market data service provider Kaiko has secured a new round of investment led by S&P Global, bringing the total scale of the latest financing round to $110 million, with participation from DRW Holdings, Susquehanna, Royal Bank of Canada, Nasdaq, BNP Paribas, Bpifrance, Broadridge, Canton Ventures, Coinbase Ventures, and Stellar.

The background of this financing is Wall Street's accelerated push towards asset tokenization, with the rise of around-the-clock markets driving demand for 24/7 pricing, valuation, and risk management data infrastructure. Kaiko will use this financing to develop new products and services. Previously, cryptocurrency market data provider Kaiko completed a $53 million Series B financing round in June 2022, led by Eight Roads (the venture capital arm backed by Fidelity), with participation from French venture capital firm Revaia and existing investors Alven, Point Nine, Anthemis, and Underscore.