Vinter
Vinter was a Stockholm-based regulated crypto-asset index provider that built institutional-grade indices and reference rates for ETP issuers, exchanges, and asset managers in Europe. Acquired by Kaiko in 2023, its indices supported over $10bn in client AUM.
- Company typePrivate
- Founded2019
- HeadquartersStockholm, Sweden
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Vinter does
Vinter was a Stockholm-based, regulated crypto-asset index provider founded in 2019 that built and licensed institutional-grade cryptocurrency indices, single-asset reference rates, leveraged indices, staking-yield benchmarks, and NAV calculation services for the European ETP and derivatives ecosystem. Its core technology stack comprised proprietary index methodologies and the Vinter Taxonomy (VTAXO), a domain-specific classification system for crypto assets, all delivered via programmatic API access to enterprise clients. The company monetized primarily through recurring index-licensing fees and data subscriptions from ETP issuers (21Shares, Virtune), exchanges (Deutsche Börse, CBOE, Bitstamp), data vendors (Bloomberg), and digital banks (Sygnum Bank), with indices backing over $10bn in client AUM and reference rates settling $4bn in futures in 2023. Vinter operated with a small team (11-50 employees), was seeded with $3.4M led by Octopus Ventures in January 2022, and was acquired by global crypto market data leader Kaiko in 2023 as part of broader consolidation around regulated crypto financial products; its offerings have since been migrated to the Kaiko Indices platform.
Vinter firmographics
Firmographics- Name
- Vinter
- Legal name
- Vinter
- Website
- https://vinter.co
- Company type
- Private
- Founded year
- 2019
- Operating status
- Acquired
- Headcount range
- 11–50 employees
- Short description
- Vinter was a Stockholm-based regulated crypto-asset index provider that built institutional-grade indices and reference rates for ETP issuers, exchanges, and asset managers in Europe. Acquired by Kaiko in 2023, its indices supported over $10bn in client AUM.
- Ownership category
- akta.pro rank
Vinter industry classification
Industry- Product category
- Crypto Asset Index and Reference Rate Data
- NAICS
- Commodity Contracts Intermediation (52316), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities and Commodity Exchanges (52321)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)
- akta.pro primary industry
- Derivatives Clearing, Settlement & Collateral Management (Crypto) (FSADAGAI)
- akta.pro secondary industries
- Dated Futures & Forwards (Crypto) (FSADAGAB), Structured Products & Notes (Yield/Principal-Linked) (FSADAGAD)
Keywords
Where Vinter is headquartered
LocationHeadquarters
- HQ city
- Stockholm
- HQ country
- Sweden
- HQ region
- Europe
Offices1 record
Markets served
Vinter business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales
Revenue model
- Index and Reference Rate Licensing: Vinter provided crypto indices and reference rates to ETP issuers, exchanges, and asset managers, generating revenue through licensing arrangements. The indices supported over $10bn in AUM for client products including ETPs, ETFs, and derivatives.
- Data API Services: Provided programmatic API access to index data, reference rates, and taxonomy services for institutional clients including exchanges, data vendors, and asset managers.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels1 record
Vinter product offering
Product offeringCore offering
Vinter was a regulated crypto asset index provider that built and licensed institutional-grade cryptocurrency indices and reference rates, including multi-asset indexes, single-asset reference rates, leveraged indexes, NAV calculations, staking yield reference rates, and the proprietary Vinter Taxonomy (VTAXO). Its products were delivered via API to ETP/ETF issuers, exchanges, asset managers, and regulatory bodies, supporting products with over $10 billion in AUM and more than $4 billion in futures settlements in 2023.
Product overview
Vinter was a Stockholm-based crypto assets index provider that was acquired by Kaiko in 2023. The company provided cryptocurrency indices and reference rates for institutional clients including ETP issuers, exchanges, and asset managers. Following the acquisition, Vinter's indices and API products were integrated into Kaiko's platform as Kaiko Indices, with Kaiko transitioning former Vinter customers to its APIs. The product suite includes crypto indices covering over $10bn in AUM, with reference rates used for futures settlement and ETP pricing.
Differentiator
Problem solved
Functional benefit
Products and services
- Multi Assets Indexes
Quantifiable outcome
- Over $10 billion AUM supported across client products using Vinter indices
- +1 more outcomes
Companies that use Vinter
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles4 records
Vinter technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Vinter partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered flagship, core and minor.
- KaikoflagshipKaiko, the leading cryptocurrency market data provider, acquired Vinter (Europe's largest crypto index provider). The acquisition integrates Vinter's index capabilities with Kaiko's market data infrastructure, serving clients including Deutsche Börse, Bloomberg, CBOE, and Bitstamp.
- 21SharescoreLong-standing partnership with 21Shares, a major ETP issuer, utilizing Vinter indices for crypto exchange-traded product offerings.
- VirtunecorePartnership with Virtune, a crypto ETP issuer, for index services supporting product development and market access.
- Sygnum BankcoreEstablished partnership with Sygnum Bank, a digital asset bank, supporting institutional product development using Vinter indices.
- DeFi TechnologiescoreDeFi Technologies acquired Vinter through Kaiko. Jacob Lindberg, former Vinter leader, now serves as CRO of Valour (DeFi Technologies subsidiary) to lead Nordic and European expansion.
- BayerminorVinter was selected for Bayer's G4A 2026 Startup Accelerator Program in Turkey, receiving grant funding, training, mentorship, and access to Bayer's collaboration network.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
Vinter competitors and assessment
Company assessmentDirect peers
- Kaiko: Parent company and leading crypto market data provider that acquired Vinter. Both serve institutional clients with crypto indices, reference rates, and market data via APIs, sharing enterprise customers like Deutsche Börse, CBOE, and major exchanges.
- CryptoCompare (CCData): Institutional crypto market data provider offering indices, reference rates, and pricing data for exchanges, asset managers, and ETP issuers. Directly comparable to Vinter's product suite and target customer segments.
- TradeBlock: Institutional crypto trading and data platform providing reference rates and indices used by asset managers and trading firms. Overlaps with Vinter's institutional index and pricing services.
Broad incumbents
- Bloomberg: Global financial data giant operating a broad market data platform that includes crypto reference rates and indices. Bloomberg Terminal integration is a customer use case for Vinter, making it both a channel and a competitor in institutional crypto data.
- CoinMarketCap: Major crypto market data aggregator providing indices, reference rates, and pricing data widely used by institutional and retail participants. Competes with Vinter in the crypto reference rate and index category.
- S&P Dow Jones Indices: Established traditional index provider (S&P 500, Dow Jones) that has expanded into crypto benchmarks. Represents competition from well-resourced incumbent index houses entering crypto with strong regulatory credibility.
- MSCI: Major global index provider with expanding crypto index offerings for institutional investors. Competes with Vinter in the institutional crypto benchmark category through established distribution and brand.
Emerging players
- CoinGecko: Crypto data aggregator offering pricing, reference data, and increasingly institutional indices. Competes on crypto asset reference rates and serves a similar institutional customer base.
- TradingView: Crypto charting and market data platform providing pricing data and analytical tools. Adjacent competitor in the institutional crypto data and reference rate ecosystem.
- Messari: Crypto research and data provider offering institutional-grade market intelligence, indices, and reference data. Targets similar institutional customer segments including asset managers and ETP issuers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Vinter social profiles
Digital presenceVinter financial estimates
Financial estimateRevenue estimate
Valuation estimate
Vinter leadership team
Management profileNumber of profiles
Vinter funding detail
Funding detailFunding overview
Funding rounds7 records
Investors8 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Vinter M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Vinter
What does Vinter do?
Vinter was a regulated crypto asset index provider that built and licensed institutional-grade cryptocurrency indices and reference rates, including multi-asset indexes, single-asset reference rates, leveraged indexes, NAV calculations, staking yield reference rates, and the proprietary Vinter Taxonomy (VTAXO). Its products were delivered via API to ETP/ETF issuers, exchanges, asset managers, and regulatory bodies, supporting products with over $10 billion in AUM and more than $4 billion in futures settlements in 2023.
Is Vinter a public or private company?
Vinter is a private company. It is classified as corporate owned and is currently acquired.
When was Vinter founded?
Vinter was founded in 2019. It employs 11 to 50 people.
Where is Vinter based?
Vinter is headquartered in Stockholm, Sweden, in the Europe region.
How does Vinter make money?
Two revenue lines are on record. Index and Reference Rate Licensing is the primary driver. The others are data API Services.
Who are Vinter's main competitors?
Direct peers on record are Kaiko, CryptoCompare (CCData) and TradeBlock. Broad incumbents are Bloomberg, CoinMarketCap, S&P Dow Jones Indices and MSCI. Emerging players are CoinGecko, TradingView and Messari.
Does Vinter have an API?
Yes. Kaiko (formerly Vinter) offers APIs for cryptocurrency indices and reference rates, including Multi Assets Indexes, Single Assets Reference Rates, Leveraged Indexes, Vinter Taxonomy (VTAXO), Net Asset Value (NAV), and Staking Yield Reference Rates. The APIs provide institutional-grade crypto market data. Developer documentation is at docs.kaiko.com/formerly-vinter-indices.
What industry is Vinter in?
Vinter's product category is Crypto Asset Index and Reference Rate Data. Its primary akta.pro industry code is FSADAGAI, Derivatives Clearing, Settlement & Collateral Management (Crypto), with a secondary code of FSADAGAB, Dated Futures & Forwards (Crypto). Its NAICS code is 52316 and its SIC code is 6200.