S&P Global backs Kaiko as Series B reaches $110M
RWA Signal Insight
InfrastructureKaiko has secured a $110 million Series B funding round led by S&P Global to bolster its data infrastructure for tokenized financial markets. The investment round attracted a consortium of major financial institutions, including BNP Paribas, Nasdaq Ventures, and the Royal Bank of Canada, signaling strong institutional interest in onchain financial data. Kaiko intends to utilize these funds to enhance its services for tokenized assets, specifically targeting Treasury bills, money market funds, equities, and bonds. Beyond capital, the participating investors will collaborate through a Kaiko-led industry working group to establish data standards for tokenized products. This development follows Kaiko's recent acquisitions of Cometh and Amberdata, which were aimed at strengthening its onchain infrastructure capabilities. The move aligns with broader industry trends where firms like the DTCC and Nasdaq are actively building infrastructure for 24/7 trading and instant settlement of tokenized securities. As Wall Street increasingly integrates blockchain technology, the demand for reliable, institutional-grade market data has become a critical bottleneck for the maturation of the RWA sector.
Key points
- Kaiko raised $110 million in Series B funding led by S&P Global.
- Investors include BNP Paribas, Nasdaq Ventures, and Royal Bank of Canada.
- Funds will support data infrastructure for tokenized T-bills, equities, and bonds.
- Participants will form an industry working group to standardize tokenized financial data.
Background
Kaiko is a Paris-based provider of digital asset market data and analytics, serving institutional clients with pricing, index, and reference data. The firm bridges the gap between traditional finance and blockchain by providing the high-fidelity data feeds necessary for trading, risk management, and valuation of onchain assets.