S&P Global Leads Strategic Investment in Kaiko, Deepening Commitment to Digital Assets and On-chain Markets
S&P Global (SPGI) has led a strategic investment in Kaiko as part of the company’s Series B-2 extension, expanding their existing alliance in digital asset data and on-chain markets.
Rhea-AI Summary
S&P Global (SPGI) has led a strategic investment in Kaiko as part of the company’s Series B-2 extension, expanding their existing alliance in digital asset data and on-chain markets.
The investment, made via S&P Global Ventures, is positioned as deepening S&P Global’s focus on bridging traditional and decentralized finance. Kaiko, which now serves more than 250 financial firms, institutions and regulators, has recently expanded through the acquisitions of Amberdata and Cometh. The partnership already includes tokenization of the iBoxx U.S. Treasuries Index in March 2026 and the launch of the co-branded S&P Kaiko Digital Asset Indices in early September 2026. S&P Global also highlights prior digital-asset “firsts,” such as Stablecoin Stability Assessments and the first credit rating of DeFi protocol Sky Protocol.
Positive
- S&P Global leads Kaiko’s Series B-2 strategic investment, expanding exposure to digital assets
- Kaiko now supports more than 250 financial firms, institutions and regulators
- Partnership has delivered a tokenized iBoxx U.S. Treasuries Index since March 2026
- Launch of co-branded S&P Kaiko Digital Asset Indices in early September 2026 broadens product suite
Negative
- None.
Key Figures
- Kaiko supported organizations
- more than 250 financial firms, institutions, and regulators
- Current Kaiko customer and user base
Historical Context
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Combined Kaiko and S&P DJI crypto index capabilities into one co-branded suite
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
series b extension financial
decentralized finance financial
tokenization technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
S&P Global leads Kaiko's Series B extension, expanding the S&P Global–Kaiko partnership
"As digital assets accelerate S&P Global is investing for the future—and this investment underscores that conviction," said Cathy Clay, CEO, S&P Dow Jones Indices. "Kaiko's strength in crypto market data and analytics builds foundational transparency for the digital-asset ecosystem—turning complex trading and on-chain activity into reliable, decision-ready intelligence. That capability supports our mission to advance essential intelligence by bridging traditional and decentralized finance, giving institutions the transparency and trust they need to deploy capital on-chain with confidence."
"This investment from S&P Global is a powerful endorsement of Kaiko's mission and the role trusted data and data infrastructure will play in tokenized markets," said Ambre Soubiran, CEO, Kaiko. "S&P Global brings a reputation for trust and analytical excellence that is unmatched in global markets. Together, we will accelerate our ability to serve institutions as they move on-chain at a pivotal moment for the industry."
The Series B-2 extension comes as Kaiko expands its global footprint following the recent acquisitions of Amberdata and Cometh, along with partnerships that reinforce Kaiko's leadership in digital asset data and on-chain infrastructure. Kaiko currently supports more than 250 leading financial firms, institutions, and regulators around the world.
Building on a Deepening Partnership
The investment strengthens an already extensive collaboration between S&P Global and Kaiko across data, indices, and on-chain infrastructure. Recent milestones include:
- Bringing benchmarks on-chain: In March 2026, S&P Dow Jones Indices (S&P DJI) and Kaiko announced the tokenization of the iBoxx
U.S . Treasuries Index on the blockchain. This marks the first time a major index provider has made a financial benchmark available as a native digital asset, with embedded index data distribution, licensing and permissioning. - A co-branded digital asset index suite: In early September 2026, S&P DJI and Kaiko combined their crypto index capabilities to launch a single, co-branded index suite. The S&P Kaiko Digital Asset Indices combines S&P's trusted brand with Kaiko's crypto-native data infrastructure and market expertise, purpose-built for global, 24/7 digital asset markets.
A Strategic Focus on Digital Assets
S&P Global has established itself as a bridge between traditional finance and decentralized finance, leveraging its legacy of trusted risk frameworks, benchmarks, and analytical standards to support the institutionalization of digital asset markets.
Recent firsts include:
- The industry's first Stablecoin Stability Assessments
- The first credit rating of a DeFi protocol (Sky Protocol)
- S&P DJI and Kaiko tokenize the iBoxx
U.S . Treasuries Index on the blockchain. - The licensing of the S&P 500 for a tokenized fund, tokenized ETFs and other digital assets.
For more information on S&P Global's digital assets capabilities, visit here.
Media Contact:
Silke McGuinness
Global Head of Communications
S&P Dow Jones Indices
(+1) 415-205-8414
silke.mcguinness@spglobal.com
Russell Gerry
Communications Director
S&P Global
+44 20 7176 3569
russell.gerry@spglobal.com
About S&P Global
S&P Global (NYSE: SPGI) enables businesses, governments, and individuals with trusted data, expertise and technology to make decisions with conviction. We are Advancing Essential Intelligence through world-leading benchmarks, data, and insights that customers need in order to plan confidently, act decisively, and thrive economically in a rapidly changing global landscape.
From helping our customers assess new investments across the capital and commodities markets to guiding them through the energy expansion, acceleration of artificial intelligence, and evolution of public and private markets, we enable the world's leading organizations to unlock opportunities, solve challenges, and plan for tomorrow – today. Learn more at www.spglobal.com.
About Kaiko
Kaiko provides regulated data services for on-chain finance. Founded in 2014, the company delivers institutional-grade digital asset market data, analytics, indices, and data infrastructure for tokenized and traditional markets. Its clients include banks, asset managers, exchanges, and leading financial institutions worldwide. Kaiko's data and infrastructure support trading, valuation, risk management, tokenized assets, and on-chain applications, connecting traditional and blockchain-based markets. For more information, visit: kaiko.com.
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SOURCE S&P Global
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What is Kaiko’s core business and who are its clients?
Kaiko is described as a global independent leader in digital asset market data, indices and data infrastructure. It provides crypto market data and analytics designed to turn complex trading and on-chain activity into decision-ready intelligence. The company currently supports more than 250 leading financial firms, institutions and regulators worldwide.
What recent milestones have S&P Global and Kaiko achieved together?
Recent milestones include tokenizing the iBoxx U.S. Treasuries Index on the blockchain in March 2026, which S&P Global notes is the first time a major index provider has made a financial benchmark available as a native digital asset. In early September 2026 they also launched a single, co-branded S&P Kaiko Digital Asset Indices suite for global, 24/7 digital asset markets.
How has Kaiko been expanding its footprint in digital assets?
Kaiko has been expanding its global footprint through the recent acquisitions of Amberdata and Cometh, along with additional partnerships that reinforce its position in digital asset data and on-chain infrastructure.
How is S&P Global positioning itself in digital and on-chain markets?
S&P Global presents itself as a bridge between traditional and decentralized finance, applying risk frameworks, benchmarks and analytical standards to support institutional adoption of digital assets. Recent initiatives include the industry’s first Stablecoin Stability Assessments, the first credit rating of a DeFi protocol (Sky Protocol), tokenization of the iBoxx U.S. Treasuries Index with Kaiko, and licensing the S&P 500 for tokenized funds, tokenized ETFs and other digital assets.