In a major expansion of its Series B, Kaiko has raised to $110 million in a strategic round led by S&P Global and joined by a broad roster of financial and crypto-focused investors, signaling Wall Street’s commitment to on-chain data and tokenized markets.

Kaiko will strengthen both its core data offerings and its infrastructure services for tokenized financial markets, aiming to support production-ready data and infrastructure for tokenized assets.

An industry working group chaired by Kaiko, with participating institutions, will focus on data and infrastructure needed to bring tokenized products into production, advancing standardized practices.

The reporting emphasizes that the information is for informational purposes and not financial advice, with context notes drawn from Matthew Sigel’s tweet.

Industry observers view the round as Wall Street signaling that on-chain markets are infrastructure to be built and scaled, not just a speculative trend.

Regulatory attention is rising around tokenized and 24/7 markets, with the SEC planning a roundtable on September 17 to discuss 24-hour trading in US equities and related readiness and safeguards.

That SEC roundtable will examine market readiness, resilience, protections, and the potential expansion of 24/7 trading to tokenized assets and near-instant settlement.

regulators have warned about investor risks as crypto exchanges offer stock-based products and perpetual futures, highlighting broader regulatory considerations around expanded crypto instruments.

Incrypted’s weekly overview covers 14 Web3 investment deals totaling about $198 million for September 12–19, with detailed figures available for most rounds.

The broader push is to move tokenizedTreasury bills, money market funds, equities and bonds toward production-scale markets, while addressing data quality, regulatory, and reliability challenges.

Traditional market operators like ICE, Nasdaq, and DTCC are actively testing and launching tokenization and 24-hour trading infrastructure, signaling deeper integration of on-chain tech in regulated markets.

Top investors in the round include Coinbase Ventures and Mirana Ventures, among others, underscoring strong strategic interest from both crypto natives and traditional players.