Client Stories.

To serve the institutional gap, HappyBlock needed a robust and transparent price for settling and valuing cryptoassets in Korean won (KRW). However, calculating a price in the South Korean Markets is not straightforward because there’s often a disparity between South Korean market prices and the rest of the world, known as the “kimchi premium".

A leading financial market data provider partnered with Kaiko to bring their institutional-grade data products onto the Canton Network via Kaiko's Data On-Ramp oracle. By working with Kaiko, they have been able to extend their data offerings into on-chain capital markets infrastructure while maintaining the licensing, compliance, and entitlement controls that institutional clients demand.

Aiming to address the growing demand for EU-regulated crypto investments, D2X were looking to launch their Bitcoin (BTC) and Ether (ETH) futures contracts, and needed a partner who could provide accurate and reliable Benchmarks for settlement in Euros.

EDXM International (EDXMI) was looking to launch a perpetual futures platform, purpose-built for the growing market of institutional traders seeking capital-efficient crypto strategies and deep liquidity.

As crypto and traditional finance converge, the demand for actionable and reliable analysis has never been greater. In particular, institutional investors and financial professionals need to sift the overwhelming noise to extract reliable market signals.

Kaiko is proud to announce its role in the launch of the Safello Bittensor Staked TAO ETP (Ticker: STAO), which tracks the Kaiko Safello Staked Bittensor Index (KSSTAO Index). 

With an ambition to diversify its derivatives trading platform, Gemini needed a consistent pricing mechanism to establish a fair value for risk management and settlement for specific underlying cryptocurrencies. This would help alleviate the challenge posed by the variable prices quoted across different exchanges, and provide a single independent market valuation. With a clear understanding of their requirements, Gemini entered the market to find a reliable and consistent benchmark that would give them a consensus price.

In collaboration with Recap, Kaiko engineered a sophisticated pricing service ensuring a reliable Fair Market Value (FMV) for all crypto assets, dynamically adjusting to volatile market conditions and compliant under existing accounting standards. Crypto markets are marked by heavy-tailed distributions in prices and volumes, filled with outliers, which poses significant challenges for aggregation, particularly for conventional approaches like Volume Weighted Average Price (VWAP) and Volume Weighted Median (VWM).

With a view to launching margined Bitcoin (BTC) and Ether (ETH) futures contracts, CBOE needed a regulated indices and benchmark provider to help support independent and reliable U.S. dollar-based settlement within their offerings.  This was integral to their strategy of taking an intermediary-inclusive approach, ensuring separation of duties to avoid any potential conflicts of interest, and giving added confidence to institutional investors.

Historical cryptocurrency data is hard to access: most exchanges do not provide extensive history via their API, and few data providers have comprehensive or high-quality coverage. This posed a challenge for the market maker Efficient Frontier, who needed granular liquidity data for client reporting on the impact of their services. Specifically, they needed to demonstrate that the liquidity they provided for tokens caused an increase in volume and depth.

With a view to expand its business and launch a perpetual futures trading venue in Singapore, EDXM Global needed a benchmark provider with global reach and diverse crypto expertise capable of delivering robust 24/7 real-time updates for reliable settlement. This would provide a strong foundation for their offerings and future-proof the organization against evolving compliance expectations.

Messari is one of the biggest names in crypto as an aggregator of information, data, and research. With hundreds of thousands of visitors a month, their website provides one of the most extensive data platforms for charting and advanced metrics for crypto assets, offering both a free tier and paid subscriptions. By outsourcing data management to Kaiko, they have been able to build out their product exponentially while ensuring that the backbone of their website—historical and live cryptocurrency market data—is of the highest quality and reliability.