Paris-based Kaiko expands with Vinter acquisition to drive European crypto ETP growth

In a strategic maneuver poised to reshape the European digital asset landscape, Paris-based cryptocurrency data provider Kaiko has announced its acquisition of Swedish crypto index firm Vinter. This acquisition underscores Kaiko’s ambition to dominate the burgeoning European crypto Exchange-Traded Product (ETP) sector.

Kaiko’s strategic expansion into European crypto ETPs

Kaiko’s acquisition of Vinter signifies a calculated effort to enhance its foothold in the European crypto ETP market. By integrating Vinter’s expertise in crypto indices, Kaiko aims to offer comprehensive data solutions tailored for institutional investors and financial product issuers. This move aligns with the increasing demand for structured and reliable crypto investment vehicles in Europe.

Vinter’s role in the European crypto landscape

Established in 2019, Vinter has rapidly emerged as a leading provider of crypto indices, supplying data to several European crypto ETPs, including those from 21Shares. The firm’s indices are recognized for their regulatory compliance and are utilized by financial products globally. Vinter’s integration into Kaiko’s operations is expected to bolster the latter’s data offerings, particularly in the realm of regulated financial products.

Implications for the European digital asset market

The acquisition is anticipated to have significant implications for the European digital asset market. By combining Kaiko’s extensive market data capabilities with Vinter’s specialized index services, the partnership is set to provide enhanced data solutions for the development and management of crypto ETPs. This collaboration is likely to facilitate the creation of more diversified and regulated crypto investment products, catering to the evolving needs of institutional investors.

Expert insights on the acquisition

Industry experts view this acquisition as a pivotal development in the European crypto market. The integration of Vinter’s index services into Kaiko’s data infrastructure is expected to streamline the provision of comprehensive data solutions for crypto ETPs. This synergy is poised to enhance the transparency and reliability of crypto investment products, thereby attracting more institutional participation in the European digital asset market.

Kaiko’s growth trajectory and future prospects

This acquisition marks Kaiko’s third and largest to date, reflecting its aggressive growth strategy in the crypto data sector. In June 2022, Kaiko raised $53 million in Series B funding, led by Eight Roads, with participation from Revaia and existing investors Alven, Point9, Anthemis, and Underscore. The firm has been expanding its product suite and global presence, aiming to solidify its position as a leading provider of crypto market data and indices.

Conclusion

Kaiko’s acquisition of Vinter represents a strategic advancement in the European digital asset market, particularly in the crypto ETP sector. By leveraging Vinter’s expertise in crypto indices, Kaiko is poised to offer enhanced data solutions that cater to the growing demand for regulated crypto investment products. This development is expected to contribute to the maturation and institutionalization of the European crypto market.