S&P Global Leads $110 Million Investment in Kaiko to Enhance Crypto Market Data Infrastructure

This funding round underscores the growing institutional commitment to blockchain technology and tokenized financial markets.

• S&P Global led a strategic investment on September 14, 2026, extending Kaiko’s Series B funding to $110 million.
• Major financial institutions participated, including BNP Paribas and Nasdaq Ventures, indicating broad support for blockchain initiatives.
• Kaiko aims to enhance its data services for tokenized securities and onchain markets, reflecting a trend towards 24/7 trading and settlement.

• Kaiko, founded in 2014, previously raised $53 million in its initial Series B in June 2022, showing a trajectory of growth and interest in crypto data services.
• The investment aligns with broader Wall Street initiatives in digital asset infrastructure, including Nasdaq's SEC-approved pilot for tokenized stocks.
• Traditional finance entities are increasingly focusing on tokenization, as evidenced by ICE's agreement with Securitize and DTCC's production trades ahead of a tokenized securities launch.

On September 14, 2026, S&P Global announced it had led the extension of Kaiko’s Series B funding round to $110 million, a significant move in the evolving landscape of digital finance. This funding round attracted a consortium of strategic investors from various sectors, including pricing, trading, banking, and blockchain. The capital raised will not only bolster Kaiko’s core market data services, which currently cover over 150 exchanges and protocols, but also expand its offerings for tokenized Treasuries, money market funds, equities, and bonds.

The formation of a Kaiko-chaired Strategic Industry Working Group is particularly noteworthy. This group aims to develop data standards for tokenized markets, which is crucial for ensuring interoperability and transparency in an increasingly complex financial ecosystem. Kaiko CEO Ambre Soubiran emphasized that these investors are not just financial backers but partners in building the infrastructure necessary for institutional onchain finance.

This investment reflects a broader trend of institutional adoption of blockchain technology, driven by the need for 24/7 trading, settlement, and asset tokenization. As traditional financial institutions like Nasdaq and ICE make strides in tokenization, the convergence of traditional finance and digital assets becomes more pronounced. The heightened regulatory focus on 24-hour trading, highlighted by an SEC roundtable scheduled for September 17, 2026, further indicates that regulators are taking notice of these developments.

The implications of this investment extend beyond just Kaiko. It signals a commitment from major financial players to enhance data transparency and infrastructure for tokenized products. As these institutions invest in blockchain technology, they are also likely to influence regulatory frameworks and market standards, shaping the future of finance.

• Financial institutions: They will benefit from improved data services and infrastructure for tokenized assets.
• Investors in digital assets: Increased transparency and standards may lead to greater confidence in tokenized markets.
• Tech companies in blockchain: They could see new opportunities for partnerships and innovations in financial technology.

• Regulatory developments: Keep an eye on upcoming SEC discussions regarding 24-hour trading and tokenized assets, as they could shape market practices.
• Market adoption of tokenized products: Watch for announcements from major exchanges about new tokenized offerings, which could indicate growing acceptance.
• Further investments in blockchain infrastructure: Additional funding rounds or partnerships in the blockchain space may signal ongoing institutional interest.