De Gaulle Fleurance, a prominent law firm, played a pivotal role in advising Kaiko on this acquisition, particularly on regulatory matters. They assisted with all procedures involving the Autorité des Marchés Financiers (AMF), addressing the specific challenges associated with crypto-asset services and the requirements of the Markets in Crypto-Assets (MiCA) Regulation.

Anne Maréchal, partner at De Gaulle Fleurance, emphasised the significance of the transaction, stating, “This transaction illustrates the rapid evolution of the crypto-asset landscape and the growing influence of institutional players in these markets. We are proud to have advised Kaiko on the key regulatory issues surrounding this strategic acquisition.”

Founded in Europe, Cometh is known for its expertise in providing DeFi infrastructure for financial institutions. The company holds a Crypto-Asset Service Provider (CASP) authorisation, issued by the AMF in December 2025, and is ISO 27001:2022 certified. Cometh brings to Kaiko its recognised proficiency in blockchain engineering, on-chain development, and the deployment of DeFi infrastructure across major distributed networks.

This acquisition marks a significant step in Kaiko’s growth trajectory, aiming to strengthen its offering of on-chain data and execution infrastructure for institutional players. By integrating Cometh’s capabilities, Kaiko can now offer a robust combination of market data, analytics, regulated indices, and on-chain execution capabilities under MiCA authorisation. This positions Kaiko to better serve banks, asset management firms, index providers, and market infrastructure providers developing tokenised products, stablecoin settlement mechanisms, or financial instruments based on distributed ledgers.

Julie Bader, one of the lawyers from De Gaulle Fleurance who advised Kaiko, highlighted the importance of regulatory compliance in this acquisition. “Ensuring compliance with the latest European standards is crucial for any company operating in the crypto-asset space. Our team worked diligently to navigate the complex regulatory landscape and secure the necessary approvals from the AMF,” she said.

The acquisition reflects the increasing demand for regulated and secure crypto-asset services, particularly among institutional players. As the crypto market matures, there is a growing need for reliable and compliant infrastructure that can support the development of innovative financial products and services.

Clara Zerbib, another lawyer from De Gaulle Fleurance involved in the project, noted the strategic importance of the acquisition for Kaiko. “By acquiring Cometh, Kaiko not only expands its technological capabilities but also reinforces its commitment to providing top-tier, compliant services to its clients. This move sets a new benchmark in the industry,” she commented.

Irène L'Homme, also part of the advisory team, added, “The integration of Cometh’s expertise in DeFi infrastructure with Kaiko’s existing offerings creates a unique value proposition for institutional clients. It’s an exciting development in the crypto-asset space.”

As Kaiko continues to expand its services and strengthen its market position, the acquisition of Cometh represents a pivotal moment in its journey. With the backing of De Gaulle Fleurance’s legal expertise, Kaiko is well-positioned to navigate the complexities of the crypto-asset market and meet the growing demands of institutional players seeking regulated and reliable services.

This acquisition not only enhances Kaiko’s capabilities but also underscores the importance of regulatory compliance in the ever-evolving crypto-asset landscape. As the industry continues to grow, the need for trusted and compliant service providers like Kaiko becomes increasingly critical.