Kaiko Secures $110 Million Series B Through S&P Global-Led Extension

S&P Global (SPGI ) said on September 14, 2026 that it has made a strategic investment in Kaiko through S&P Global Ventures, further expanding the companies’ strategic alliance. Kaiko, a provider of regulated data services for on-chain finance, said S&P Global led the investment as an extension of its Series B round, bringing the round’s total to $110 million.

S&P Global was joined in the extension by additional strategic investors BNP Paribas, Bpifrance, Broadridge, Canton Foundation, Coinbase Ventures, DRW Venture Capital, Nasdaq Ventures, Royal Bank of Canada, Stellar, and Susquehanna Private Equity Investments, according to Kaiko’s announcement. Existing shareholders Anthemis, Point Nine, and Revaia also participated.

Alongside the investment, participating institutions have joined a Strategic Industry Working Group chaired by Kaiko, which the company said gives them a direct role in shaping the data and infrastructure used to bring tokenized products into production. Kaiko said the financing will strengthen both its core digital asset market data business and its expanding data infrastructure offering for onchain capital markets. The company describes that offering as delivering proprietary market data to smart contracts, transforming onchain financial activity into standardized off-chain data, and enabling confidential valuation and analytics.

Kaiko CEO Ambre Soubiran said the investors in the round work across the core functions of digital asset markets: pricing, trading, capital allocation, and blockchain development. “These are partners, not just shareholders. Together we will define how institutional money moves onchain,” Soubiran said.

S&P Global said the investment deepens its commitment to digital assets and on-chain markets. “As digital assets accelerate S&P Global is investing for the future—and this investment underscores that conviction,” said Cathy Clay, CEO of S&P Dow Jones Indices. Clay said Kaiko’s strength in crypto market data and analytics builds foundational transparency for the digital-asset ecosystem, turning complex trading and on-chain activity into reliable, decision-ready intelligence for institutions deploying capital on-chain.

Joe Bonnaud, head of global markets for EMEA at BNP Paribas, said that as tokenized finance continues to evolve, demand for robust market infrastructure, enhanced transparency, and trusted data will become paramount. He said BNP Paribas looks forward to engaging in the industry dialogues led by Kaiko.

Kaiko’s Business, Regulation and Recent Acquisitions

Founded in 2014, Kaiko delivers institutional-grade digital asset market data, analytics, indices, and data infrastructure for tokenized and traditional markets, with clients that include banks, asset managers, exchanges, and other financial institutions. Kaiko says it covers more than 150 exchanges and protocols, and S&P Global’s release states that Kaiko supports more than 250 financial firms, institutions, and regulators worldwide.

Kaiko holds SOC 1 and SOC 2 Type 2 attestations from a Big Four audit firm, according to the company. Kaiko Indices is authorized as a benchmark administrator under the EU Benchmark Regulation and is listed in the ESMA register of benchmark administrators, and Kaiko states that it adheres to the IOSCO Principles for Financial Benchmarks.

The extension follows two recently completed acquisitions: Cometh, a provider of DeFi infrastructure regulated under the EU Markets in Crypto-Assets Regulation and authorized by the AMF as a crypto-asset service provider, and Amberdata, a digital asset market data provider that Kaiko described as its former largest U.S. competitor. Kaiko said the acquisitions, together with an ongoing data collaboration with Bloomberg to develop on-chain data access for tokenized markets, expand its U.S. footprint and its technical and regulatory capabilities. The company said the new funding supports its continued build-out of regulated data services for onchain finance.

Prior S&P Global–Kaiko Partnership Milestones

The investment strengthens an existing collaboration between the two companies across data, indices, and on-chain infrastructure, according to S&P Global’s announcement. In March 2026, S&P Dow Jones Indices and Kaiko announced the tokenization of the iBoxx U.S. Treasuries Index on the blockchain, which S&P Global described as the first time a major index provider has made a financial benchmark available as a native digital asset with embedded index data distribution, licensing, and permissioning. In early September 2026, S&P Dow Jones Indices and Kaiko launched the co-branded S&P Kaiko Digital Asset Indices suite, combining their crypto index capabilities on a single platform built for global, 24/7 digital asset markets.

S&P Global’s announcement also listed recent digital-asset firsts for the company: the industry’s first Stablecoin Stability Assessments, the first credit rating of a DeFi protocol (Sky Protocol), and the licensing of the S&P 500 for a tokenized fund, tokenized ETFs, and other digital assets. S&P Global described itself as a bridge between traditional finance and decentralized finance, applying its risk frameworks, benchmarks, and analytical standards to support the institutionalization of digital asset markets.