Tokenization · Coinbase · Canada · Cointelegraph
S&P Global backs Kaiko as Series B reaches $110 million
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The investment brings together major financial institutions as Kaiko expands its data infrastructure for tokenized securities and onchain financial markets.
Key facts
- In July, the Depository Trust & Clearing Corporation (DTCC) conducted production trades using DTC-tokenized assets with more than 30 financial firms ahead of a planned October launch
- In March, New York Stock Exchange parent Intercontinental Exchange (ICE) signed an agreement with Securitize to develop infrastructure and standards for tokenized securities
- The round also included BNP Paribas, Bpifrance, Broadridge, Canton Foundation, Coinbase Ventures, DRW Venture Capital, Nasdaq Ventures, Royal Bank of Canada, Stellar and Susquehanna Private Equity
- S&P Global has led a strategic investment in Kaiko, extending the Paris-based crypto market data provider’s Series B funding to $110 million as it expands its data infrastructure for tokenized
Summary
S&P Global has led a strategic investment in Kaiko, extending the Paris-based crypto market data provider’s Series B funding to $110 million as it expands its data infrastructure for tokenized financial markets. The round also included BNP Paribas, Bpifrance, Broadridge, Canton Foundation, Coinbase Ventures, DRW Venture Capital, Nasdaq Ventures, Royal Bank of Canada, Stellar and Susquehanna Private Equity Investments. Kaiko said the funding will support its core digital asset market data business and its push into onchain financial infrastructure, including data services for tokenized Treasury bills, money market funds, equities and bonds. The participating investors will also join a Kaiko-led industry working group focused on developing data and infrastructure for tokenized financial products.