S&P Global backs Kaiko as Series B reaches $110M

S&P Global has led a strategic investment in Kaiko, extending the Paris-based crypto market data provider’s Series B funding to $110 million as it expands its data infrastructure for tokenized financial markets.The round also included BNP Paribas, Bpifrance, Broadridge, Canton Foundation, Coinbase Ventures, DRW Venture Capital, Nasdaq Ventures, Royal Bank of Canada, Stellar and Susquehanna Private Equity Investments.Kaiko said the funding will support its core digital asset market data business and its push into onchain financial infrastructure, including data services for tokenized Treasury bills, money market funds, equities and bonds. The participating investors will also join a Kaiko-led industry working group focused on developing data and infrastructure for tokenized financial products.Kaiko CEO Ambre Soubiran said the investors span several key areas of digital asset markets, including pricing, trading, capital allocation and blockchain development, and would serve as partners in building infrastructure for institutional onchain finance.The funding follows a series of moves by Kaiko to expand its institutional data business. The company acquired MiCA-regulated onchain in...