
S&P Global has made a strategic investment in Kaiko through S&P Global Ventures as part of the digital asset data company’s Series B extension. The September 14 announcement, published by Investing News Network, describes the investment as an expansion of the companies’ existing alliance.
The announcement does not disclose the investment amount or Kaiko’s valuation. It sets out a broader role for their collaboration in market data, financial benchmarks and infrastructure for on-chain markets, rather than announcing a new consumer trading service.
Kaiko supplies digital asset market data, analytics, indices and infrastructure to financial institutions. According to the announcement, it supports more than 250 financial firms, institutions and regulators worldwide. Its services cover uses including trading, valuation, risk management and tokenized assets.
The companies highlighted their March 2026 announcement on tokenizing the iBoxx U.S. Treasuries Index. They described it as the first instance of a major index provider making a financial benchmark available as a native digital asset, with embedded data distribution, licensing and permissioning.
That description is the companies’ claim about the benchmark initiative. It should not be confused with a statement that the underlying U.S. Treasury securities themselves were issued on a blockchain.

In early September, S&P Dow Jones Indices and Kaiko also combined their crypto index capabilities into a co-branded suite. The S&P Kaiko Digital Asset Indices brings together S&P’s index business and Kaiko’s crypto market data infrastructure for markets that operate around the clock.
These initiatives explain the operational background to the investment: the relationship already included joint products before the Series B extension. The release does not provide revenue, customer uptake or performance figures for those products.
Cathy Clay, chief executive of S&P Dow Jones Indices, said Kaiko’s data and analytics help turn trading and on-chain activity into information institutions can use. She linked the investment to S&P Global’s aim of connecting traditional and decentralized finance.
Kaiko chief executive Ambre Soubiran called the investment an endorsement of the company’s mission. She said the partnership would help Kaiko serve institutions moving on-chain. Those comments describe management’s expectations, not independently established results from the investment.
The announcement also follows Kaiko’s recent acquisitions of Amberdata and Cometh. It places those transactions alongside the company’s partnerships as part of its expansion in digital asset data and infrastructure, without giving transaction terms.

S&P Global cited other parts of its digital asset work, including Stablecoin Stability Assessments, a credit rating of Sky Protocol and licensing the S&P 500 for tokenized funds, ETFs and other digital assets. The company presented these activities as ways to extend its benchmarks and analytical services into decentralized finance.
The investment therefore adds financial backing to an existing commercial partnership. The announcement outlines what the two companies intend to build and the products already announced; it does not establish that the investment will increase institutional adoption, reduce risk or improve investment returns.

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