S&P Global led a new investment round in crypto data firm Kaiko, pushing its Series B financing to $110 million (USD). The deal shows a major traditional finance institution betting directly on the infrastructure that powers crypto markets.
What actually happened
According to a report published on 14 September 2026 by The Block, S&P Global led a strategic investment extending Kaiko's Series B round to $110 million (USD). BNP Paribas, Nasdaq Ventures, RBC, Coinbase Ventures, DRW Venture Capital and several other investors joined the extension. Kaiko is identified as a crypto data firm. The report did not disclose the size of S&P Global's contribution, the round's valuation, or the round's size before this extension. No executives were quoted.
How we got here
Traditional finance firms have steadily increased exposure to crypto market infrastructure in recent years, as institutional demand for regulated trading and risk tools has grown. Data providers like Kaiko supply price feeds, indices, and analytics that banks and asset managers use to price digital assets. Nasdaq Ventures, RBC, and BNP Paribas already operate inside major financial networks, and their participation signals continued appetite for crypto-adjacent data infrastructure, per The Block. The report does not state when Kaiko's original Series B closed.
Why this matters for you
For builders, a data firm backed by S&P Global could mean more standardized, reliable price feeds entering crypto infrastructure, useful for any app that needs accurate market data, including wallets and lifestyle platforms. For institutions, participation from banks like BNP Paribas and RBC suggests easier integration of crypto data into existing compliance and trading systems. For everyday users, better underlying data could mean improved pricing accuracy on platforms that rely on Kaiko's feeds. The report gives no detail on specific product changes.
The bigger question
If the largest financial data companies keep funding crypto-specific data providers, does that make crypto market data more trustworthy, or does it concentrate control of price discovery among a few legacy institutions? The answer could shape how exchanges, wallets, and future interfaces such as AR displays present live market data, and who decides what counts as an accurate price.
What to watch
The Block's report is dated 14 September 2026. No closing date, valuation, or next funding milestone for Kaiko was disclosed. Future disclosures from S&P Global, Kaiko, or the other investors could reveal deal terms. Bonuz will track how this data-infrastructure consolidation affects tools available to everyday crypto and Web3 app users.
