Other investors in the round include BNP Paribas, Nasdaq, Royal Bank of Canada, French state investor Bpifrance and U.S. trading firm Susquehanna, Kaiko said in a statement on Monday.
For live updates on US Markets, click here Kaiko, which was founded in France in 2014, said it would use the funds to strengthen its data business and expand its product offering, which currently covers more than 150 different exchanges and crypto protocols.
While cryptocurrencies such as bitcoin have retreated from a peak hit in late 2025, banks, exchange operators and other financial institutions have increasingly expressed interest in “tokenisation” – the idea of creating crypto tokens that represent mainstream financial assets such as stocks and bonds.
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Various crypto exchanges have started selling products based on stocks, including perpetual futures, prompting regulatory warnings about the risk to investors.
“As digital assets accelerate, S&P Global is investing for the future, and this investment underscores that conviction,” said Cathy Clay, the CEO of S&P Dow Jones Indices, in a statement.