Wall Street Backs Kaiko’s Onchain Market Expansion
- S&P Global led a $110 million Series B funding round for crypto data provider Kaiko.
- Investors include Nasdaq, BNP Paribas, Royal Bank of Canada, and Coinbase Ventures.
- Kaiko provides market data across more than 150 exchanges and protocols.
- The company aims to standardize blockchain activity for institutional use in valuation and trading.
- Kaiko has acquired DeFi infrastructure provider Cometh and rival data company Amberdata.
The strategic investment in Kaiko by major financial institutions signifies a shift towards integrating tokenized finance with traditional markets. This move highlights the growing importance of reliable market data and infrastructure for assets that trade around the clock on blockchain networks.
With this $110 million funding round, Wall Street is not just observing but actively preparing for the expansion of tokenized securities, indicating a significant step towards mainstream adoption of blockchain-based financial systems. Source
