Cryptocurrency market data service provider Kaiko has completed a new round of financing, led by S&P Global

According to Bloomberg, cryptocurrency market data service provider Kaiko has received a new round of investment led by S&P Global, with the total scale of the latest financing expanding to $110 million. DRW Holdings, Susquehanna, Royal Bank of Canada, Nasdaq, BNP Paribas, Bpifrance, Broadridge, Canton Ventures, Coinbase Ventures, and Stellar also participated in this round.

The background of this financing is Wall Street's accelerated push towards asset tokenization, with the rise of around-the-clock markets driving demand for 24/7 pricing, valuation, and risk management data infrastructure. Kaiko will use this financing to develop new products and services.

Previously, cryptocurrency market data provider Kaiko completed a $53 million Series B financing in June 2022, led by Eight Roads (the venture capital arm backed by Fidelity), with participation from French venture capital firm Revaia and existing investors Alven, Point Nine, Anthemis, and Underscore.