Kaiko funding has extended the crypto-market-data company’s Series B to $110 million, with S&P Global leading a group that includes banks, exchanges, investors and blockchain infrastructure firms. The September 14 deal matters less as a simple crypto bet than as a coordinated investment in the data layer needed to price, value and supervise tokenized assets around the clock.
- Kaiko says S&P Global led a strategic investment that extended its Series B to $110 million.
- The primary announcement does not state the exact amount of new capital, so the verified figure is the total round size—not a fresh $110 million cheque.
- Participating institutions also joined a Kaiko-chaired working group on data infrastructure for tokenized markets.
- For India, the relevant lesson is that tokenization needs auditable pricing, valuation and compliance data before it can scale safely.
Kaiko funding: what was actually announced?
Kaiko, a regulated provider of digital-asset market data and onchain-finance infrastructure, said its Series B now totals $110 million. Its announcement names S&P Global as lead investor and lists Alura Capital, BNP Paribas, Bpifrance, Broadridge, Canton Foundation, Coinbase Ventures, DRW Venture Capital, Nasdaq Ventures, Royal Bank of Canada, Stellar and Susquehanna Private Equity Investments among the strategic participants.
Existing shareholders Anthemis, Point Nine and Revaia also participated. Kaiko said the money will strengthen its core market-data operation and expand infrastructure that moves proprietary data into smart contracts, turns onchain activity into standardized offchain records, and supports valuation and analytics.
| Fact | Verified detail |
|---|---|
| Public disclosure | September 14, 2026 |
| Series B total | $110 million |
| Lead investor | S&P Global |
| Coverage | More than 150 exchanges and protocols |
| Operating mechanism | Kaiko-chaired Strategic Industry Working Group |
| New cheque size | Not specified in the primary announcement |
The distinction in the final row is important. Reuters reported the financing as a $110 million round, while SiliconANGLE reported $53 million of new funding and described the extension as building on $57 million. Kaiko’s own 2022 announcement, however, described the earlier Series B as $53 million. Lapaas Voice therefore uses the company’s unambiguous wording: the Series B has been extended to $110 million, while the incremental amount remains undisclosed.
Why the investor list is the real signal
A normal venture round brings capital and board-level guidance. This one also creates a working group drawn from institutions that perform different jobs across financial markets: pricing, trading, capital allocation, custody-adjacent infrastructure and blockchain settlement. That structure makes the investors potential design partners and distribution channels, not merely passive shareholders.
Kaiko says the Strategic Industry Working Group will focus on data and infrastructure for tokenized markets. That mechanism could shorten the gap between a technical product and something a regulated institution can use. A market-data feed has to satisfy procurement, entitlement, audit, benchmark and risk requirements before a bank can rely on it for a valuation or a transaction.
This is the core consequence of the Kaiko funding: the round places institutions that already operate trusted financial infrastructure close to the design of data rails for onchain products. It does not prove that tokenized markets will scale quickly, but it does show where established firms think the bottleneck sits.
The Kaiko funding is best understood as financing for the measurement layer of tokenized finance. A tokenized bond or fund can move on blockchain rails, but institutions still need dependable prices, identifiers, permissions, valuation records and audit-ready data before they can treat it as production financial infrastructure.
What Kaiko is building with the money
Kaiko’s established business supplies institutional-grade digital-asset market data across more than 150 exchanges and protocols. Its services cover pricing, analytics, indices, risk and monitoring. The newer infrastructure layer is intended to move proprietary market data into smart contracts while also translating onchain activity into standardized data that conventional analytics and reporting systems can consume.
That two-way bridge matters because institutions cannot replace every existing risk, accounting or compliance system at once. A usable infrastructure provider must let blockchain-based assets interact with familiar offchain controls. Kaiko says the financing will strengthen both parts of the business.
The company also points to recent acquisitions of Cometh, a regulated DeFi-infrastructure provider, and Amberdata, a US digital-asset market-data company. Those deals broaden the operating stack around the funding story, though the primary announcement does not assign a fixed portion of the new capital to acquisitions.
Why Kaiko funding matters for India
India is not named as a launch market in the announcement, so the deal should not be read as a local rollout. The India relevance is architectural. Banks, fintech companies, exchanges and regulators exploring tokenized financial assets will face the same problem: blockchain settlement does not remove the need for trustworthy reference data and governance.
Recent Lapaas Voice coverage of bank–fintech risk guidance shows how supervisors increasingly focus on material operational harm, not just vendor labels. The same logic applies to an onchain data supplier: institutions need continuity, transparent methodology, access controls and evidence that a benchmark or valuation can be reproduced.
The investor mix also resembles a financial-market consortium. That is relevant to India’s efforts to connect regulated markets with new rails because standards tend to matter more than a single flashy application. Our coverage of the MCX–IAMAI innovation council makes the same broader point: new market infrastructure advances when operators, technology providers and rule-makers can test assumptions together.
What to watch after the round
First, watch whether the working group publishes technical or governance outputs rather than remaining an investor forum. Useful evidence would include benchmark methodologies, entitlement models, audit standards or production deployments for tokenized securities.
Second, track whether Kaiko’s acquisitions and new capital create genuinely integrated products. Buying market-data and regulated DeFi capabilities is different from delivering one operational stack. Customer deployments will be a better measure than the headline round size.
Third, keep the funding number precise. The independently verified fact is a Series B extended to $110 million. The size of the latest tranche is less clear across reports. Treating the entire total as brand-new capital would overstate the event.
Frequently asked questions
How much did Kaiko raise?
Kaiko says its Series B has been extended to a total of $110 million. The company did not specify the exact size of the latest tranche in its primary announcement.
Who led the Kaiko funding?
S&P Global led the strategic investment. Other participants include BNP Paribas, Nasdaq Ventures, Royal Bank of Canada, Bpifrance, Broadridge, Coinbase Ventures and several market-infrastructure investors.
What will Kaiko use the funding for?
Kaiko says the financing will strengthen its digital-asset market-data business and expand infrastructure for onchain capital markets, including data delivery, valuation and analytics.
Does the deal launch Kaiko in India?
No India launch was announced. The India angle is the need for trusted pricing, benchmark, risk and audit data if regulated institutions scale tokenized assets.
Sources: Kaiko announcement; S&P Global announcement; Reuters via Euronext; SiliconANGLE.
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