Don't want to trade it yourself?
Our desk runs DEX portfolios on profit share.
Crypto · updated 40m ago · 2 min read
S&P Global Leads Kaiko’s $110 Million Series B Extension With BNP Paribas, Coinbase Ventures
S&P Global led Kaiko’s Series B extension to $110 million. BNP Paribas, Coinbase Ventures and other investors participated in the round.
15 outlets, one story, no spin found.
6 of 7 outlets skipped it: cointelegraph links Kaiko funding to broader US tokenised-market moves and SEC plans.
Kaiko Series B Extension
S&P Global led a strategic investment in crypto data provider Kaiko, expanding the company’s Series B funding round to $110 million as it builds data infrastructure for tokenized capital markets.
“expanded the company’s Series B funding round to $110 million”
Crypto News
The investment brought in BNP Paribas, Coinbase Ventures, Nasdaq Ventures, Royal Bank of Canada, Stellar and several other financial and crypto firms, while existing shareholders Anthemis, Point Nine and Revaia also took part.
Kaiko said it plans to use the fresh capital to strengthen its market data business and expand data infrastructure for onchain capital markets, where banks and other financial firms have been testing tokenized securities, settlement systems and blockchain-based financial products.
Kaiko currently provides data covering more than 150 exchanges and protocols, and the funding gives it fresh capital to develop its market data business while extending its infrastructure into onchain financial markets.
Working Group and Indices
Participating institutions joined a Kaiko chaired Strategic Industry Working Group focused on data and infrastructure for tokenized markets, with the group set to concentrate on the data and infrastructure needed for tokenized markets as financial assets increasingly move onto blockchain networks.
Kaiko said the new investors have joined a Strategic Industry Working Group chaired by the company, and the group will concentrate on data and infrastructure needed for tokenized markets.
S&P Dow Jones Indices CEO Cathy Clay said, “As digital assets accelerate, S&P Global is investing for the future, and this investment underscores that conviction,” linking the funding to earlier work launching the S&P Kaiko Digital Asset Indices.
Kaiko recently launched the S&P Kaiko Digital Asset Indices with S&P Dow Jones Indices after expanding through acquisitions and institutional integrations, and the relationship had already extended into tokenized traditional financial benchmarks.
24/7 Tokenized Markets
Kaiko’s funding is framed as support for onchain finance infrastructure designed to operate around the clock, with the company’s data infrastructure arm extending its market data into onchain capital markets.
“supplying proprietary pricing data to smart contracts”
FinTech Global
FinTech Global described Kaiko’s approach as supplying proprietary pricing data to smart contracts, converting onchain activity into standardised off-chain data, and supporting confidential valuation and analytics work.
The round also builds on a broader tokenization effort that included S&P Dow Jones Indices and Kaiko unveiling plans to tokenize the iBoxx U.S.Treasuries index on Canton Network, with the index designed to operate through smart-contract infrastructure carrying index data, intellectual property rights, licensing conditions, fees and access controls.
Kaiko’s Series B extension is positioned as part of a push to bring tokenised products into production, with participating institutions joining the working group chaired by Kaiko to help shape the data and infrastructure needed for tokenized products.
Source: newscord.org