Kaiko raises Series B to $110 million as S&P Global leads investment
Article excerpt
Share S&P Global has led a strategic investment in crypto data provider Kaiko that has expanded the company’s Series B funding round to $110 million as it builds data infrastructure for tokenized capital markets. Kaiko said Monday that BNP Paribas, Bpifrance, Broadridge, Canton Foundation, Coinbase Ventures, DRW Venture Capital, Nasdaq Ventures, Royal Bank of Canada, Stellar and Susquehanna Private Equity Investments participated in the investment. Existing shareholders Anthemis, Point Nine and Revaia took part in the financing as well. Kaiko did not disclose its valuation or specify how much S&P Global and the other investors contributed individually. The funding gives Kaiko fresh capital to develop its market data business while extending its infrastructure into onchain financial markets, where banks and other financial firms have been testing tokenized securities, settlement systems and blockchain-based financial products. The expanded Series B builds on the $53 million Kaiko raised in June 2022, when Eight Roads led a funding round involving Revaia and existing investors Alven, Point Nine, Anthemis and Underscore. Crypto.news previously reported that Kaiko secured the $53 million investment during a period of falling digital asset prices and stress across the crypto market. The latest financing brings a different set of financial institutions into Kaiko’s shareholder...
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In April, S&P Dow Jones Indices and Kaiko unveiled plans to tokenize the iBoxx U.S. Treasuries index on Canton Network.
