New York-based cryptocurrency data provider Kaiko has raised $110 million in a funding round led by S&P Global, reflecting growing interest from major financial institutions in digital asset market infrastructure.
The round also included BNP Paribas, Nasdaq, Royal Bank of Canada, French state investor Bpifrance, and U.S. trading firm Susquehanna.
Founded in France in 2014, Kaiko provides cryptocurrency market data and currently covers more than 150 exchanges and crypto protocols. The company said it plans to use the new capital to strengthen its data business and expand its range of products.
The investment comes as banks, exchange operators, and other traditional financial institutions increase their exposure to digital assets and tokenisation. Tokenisation involves creating blockchain-based tokens that represent conventional financial assets such as stocks and bonds.
The growing institutional interest continues despite cryptocurrencies, including Bitcoin, retreating from peaks reached in late 2025. Meanwhile, some crypto exchanges have expanded into products linked to traditional stocks, including perpetual futures, prompting regulators to raise concerns about potential investor risks.
Cathy Clay, CEO of S&P Dow Jones Indices, said the investment reflects S&P Global’s long-term confidence in the development of digital assets as the sector continues to evolve.
