A crypto data report has landed traditional financial information giant S&P Global on the same investor list as the likes of Nasdaq Ventures, BNP Paribas, and RBC — and that fact alone is worth a closer look, arguably more so than the dollar figure itself.
According to The Block, S&P Global led this round of strategic investment in crypto data firm Kaiko, with Coinbase Ventures, DRW Venture Capital, and several other firms also joining in, extending Kaiko's Series B raise to a total of $110 million.
The participant list spans both traditional financial infrastructure and crypto-native capital: BNP Paribas and RBC represent the banking sector, Nasdaq Ventures represents exchange capital, while Coinbase Ventures and DRW Venture Capital are among the more active strategic investors within the crypto industry. This mix alone signals that crypto market data has now caught the attention of capital from both sides of the fence.
The available materials don't disclose the valuation of this round, the intended use of funds, or Kaiko's future plans — further details await official disclosure.
