S&P Global has backed Kaiko in a Series B financing round that brings the company’s total funding for the round to $110 million, according to Cointelegraph. The investment brings together major financial institutions as Kaiko expands its data infrastructure for tokenized securities and onchain financial markets. The move highlights continued institutional involvement in the infrastructure supporting digital assets and blockchain-based financial products. Kaiko provides market data infrastructure, while the company’s stated expansion focus is on serving markets involving tokenized securities and onchain finance. The announcement is relevant to crypto-market participants monitoring the development of data services that connect traditional financial institutions with digital-asset markets. The funding news does not indicate any direct change to the prices or outlook of the related crypto assets, including Ethereum (ETH), Alchemy Pay (ACH), Ark (ARK), Astar (ASTR), Data Network (DATA), Infinity Ground (AIN) and Tutorial (TUT).
