Kaiko, a French startup that provides market intelligence about digital assets, has raised $53 million in funding.

S&P Global led the investment. Kaiko stated in its announcement of the deal today that Nasdaq Ventures, Coinbase Ventures, BNP Paribas and several other institutional backers chipped in as well. The deal extends a $57 million Series B round that the company originally closed in 2022.

Kaiko, officially Challenger Deep SAS, provides market data about more than 20,000 digital assets. It collects the information from blockchain logs, crypto exchanges and lending protocols, decentralized systems that allow users to issue loans to one another. Kaiko sells its data to financial institutions through a set of cloud services.

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