Summary
Kaiko is the leading cryptocurrency market data provider for institutional investors and enterprises. We empower market participants with accurate, transparent, and actionable financial data to be leveraged for a range of market activities. Kaiko’s mission is to be the foundation of the new digital finance economy by serving as a single source for market information. Our mission is premised on the idea that high-quality data drives market efficiency and greater transparency throughout the industry. For each of our enterprise clients, we build custom data plans designed for a range of use cases.
Description of fintech solution
Kaiko offers a wide range of market data across more than 100 centralized and decentralized venues, with history since 2014. Kaiko serves institutions such as regulators, central banks, large digital assets corporates/infrastructure plus both traditional finance and digital assets buy/sell-side firms. Kaiko currently have 4 main lines of businesses, described below:
1. Market Data Aggregation from centralized and decentralized venues, and distribution through:
- gRPC-based Stream protocol
- REST API
- Flat file feeds through cloud
- Blockchain oracles
2. Analytics:
- Pricing Services (Outlier-managed aggregated pricing and IFRS-compliant crypto-to-fiat conversion)
- Risk Analytics (Portfolio VaR, Expected Shortfall, Implied Volatility Surfaces)
- Asset Analytics
- Wallet Balances
3. Benchmark Services:
Kaiko Indices is a licensed issuer of benchmark reference rates and indices. Kaiko Indices is supervised by the French Monetary Authority (AMF), in compliance with the EU Benchmark Regulation framework. Kaiko Indices publishes:
- Reference Rates: part of our regulated indices business unit, which computes mono-asset reference rates for crypto assets using outlier management, exchange ranking and other features.
- Indexes: Multi-asset indexes. Standard offering and customization available
4. Research
Kaiko's Research team leverages the breadth/depth of Kaiko's data coverage to produce data-driven research. Kaiko publishes weekly reports and chart books, event specific ad-hoc analyses, plus monthly and quarterly reports. Kaiko's research is well regarded for it's data driven objectivity; as a result, Kaiko's research is regulatory featured on both traditional finance (CNBC, Fortune Magazine, Bloomberg) and digital assets (Coindesk, Blockworks) news media. For more, please visit https://research.kaiko.com/
Describe your key innovations
- Bringing the rigor of institutional market data standards, integrity and infrastructure from the world of traditional finance to digital assets. SOC 2 Type II-certified data infrastructure and standards.
- EU BMR-certified benchmarks for single-asset/multi-asset in the digital asset space
- Facilitate 'on/off-ramping' of data onto/from blockchain through Kaiko Oracle Services. For example, bringing closing prices of equities on the blockchain so that any institutions issuing an equity derivative contract on their chosen blockchain protocol can interact with the data in the same blockchain without interfering with the data integration piece
Solution Lifecycle
Commercialized
Founder's Background
Prior to leading Kaiko, Kaiko's CEO Ambre Soubiran has more than 8 years of experience with HSBC within the Strategic Equity Derivatives Sales and Structuring division.
Founded (Years of Incorporation)
2014
How are you funded today?
Series B
Money Raised
53m (series B) + 24m (series A)
Number of employees
90
Presence In Region
America
ASEAN
Asia
Europe
Global
Middle East
North Asia
Technology
Application Programming Interface (API)
Blockchain
Cryptocurrency
HQ Country
France
What are the top 3 key benefits your solution will bring to the Asset Management Industry?
1. Manipulation-resistant benchmarks for:
- Issuing funds/ETFs
- Official P&L bookmarking
- Reconciling across AUM/NAV/AuC calculations
- ISDA/CSA agreements
2. Wide range of centralized and decentralized exchange market data through single API feed. For research, strategy backtesting as well as feeding PMS/OMS/EMS systems
3. Pricing and Risk analytics to assess liquidity and market risks of portfolios
Tell us more about your past client engagements to date and your market penetration?
- Globally, we have engaged 200+ clients across institutional and large corporate names
- This includes regulators (US CFTC, FDIC, US OCC, OECD, ESMA, EBA etc), central banks (Fed Reserve of New York, Bank of Canada etc), buy/sell side (Bain Capital, Goldentree Asset Management, Hidden Road Partners), and venues/infrastructure players (Deutsche Borse, Bloomberg, OSL, Ledger)
Do you have any case studies of your solution? If yes, please share it in less than 200 words
https://www.kaiko.com/support/guides-methodologies-and-case-studies
https://www.kaiko.com/client-story-messari
https://www.kaiko.com/client-story-recap-io
Awards/Accolades
Best Data and Research Solution at Hedgeweek's European Digital Assets Awards 2023
