--- title: "Crypto Firm Blockworks Hits $192M Valuation in Latest Funding Round" date: 2026-04-29 author: "Kathleen Kinder" featured_image: "https://coinlaw.io/wp-content/uploads/2026/04/crypto-firm-blockworks-hits-192m-valuation.jpg" categories: - name: "Investments" url: "/investments.md" tags: - name: "News" url: "/tag/news.md" --- # Crypto Firm Blockworks Hits $192M Valuation in Latest Funding Round Blockworks has reached a $192 million valuation after closing a new funding round aimed at expanding its crypto data platform and infrastructure. ## Key Takeaways - Blockworks secured a $192 million valuation through a Series A extension led by ParaFi and Reciprocal Ventures. - The company is shifting focus from media to institutional-grade crypto data and research. - Blockworks aims to become a central data provider similar to Morningstar for digital assets. - The move reflects a broader trend of larger, late-stage investments in crypto firms. ## What Happened? Blockworks completed a **Series A extension round** that pushed its valuation to **$192 million**, marking a significant jump from its earlier valuation. The company is now doubling down on building data infrastructure for crypto markets while expanding its product suite and investor base. > 1/ Blockworks has raised a Series A extension at a $192M valuation. > > This allows us to double down on our mission to build trust in onchain markets. > > Thank you to all of our customers, we couldn’t have done this without you. [pic.twitter.com/rs1LkpiXva](https://t.co/rs1LkpiXva) > > — Blockworks (@Blockworks) [April 29, 2026](https://twitter.com/Blockworks/status/2049474452854063434?ref_src=twsrc%5Etfw) ## Blockworks Pushes Into Crypto Data Infrastructure Blockworks is positioning itself as a **core infrastructure provider in the crypto ecosystem**, focusing on solving one of the industry’s biggest challenges: **fragmented and unreliable data**. The company operates across three main product lines: - **Data platform processing trillions of rows from over 100 pipelines and multiple blockchain and exchange sources**. - **Investor relations platform offering tools like analytics dashboards, investor portals, and reporting systems**. - **Token Transparency Framework, a disclosure standard already used by over 30 token issuers**. This approach is designed to **bridge the trust gap between investors and crypto projects**, which industry leaders say remains a key barrier to adoption. Ben Forman, Founder of ParaFi, said: “ Crypto’s biggest remaining bottleneck is no longer technology or regulation. It’s the trust gap between issuers and investors. Ben FormanFounder – ParaFi Capital ## Vision to Become the “Morningstar of Crypto” Co-founder Jason Yanowitz has made it clear that Blockworks is aiming to become a **go-to data and research hub for digital assets**, similar to what established firms provide in traditional finance. Yanowitz said: “ We’re so behind on data and research and information \[for digital assets\]. In traditional finance you have Morningstar … but also like FactSet … and Moody’s and S&P Global Research. Those don’t exist yet for assets that are coming onto \[the blockchain\]. Jason YanowitzCo-founder – Blockworks To accelerate this vision, Blockworks plans to **acquire competitors** and consolidate the highly fragmented crypto data market. Today, traders often rely on multiple platforms to access insights, making decision-making costly and inefficient. ## Strategic Shift Away From Media In a major pivot, Blockworks **shut down its news division in 2025** to focus entirely on its data and intelligence business. The company is now targeting institutional clients such as [hedge fund](https://coinlaw.io/crypto-hedge-funds-statistics/)s, family offices, and crypto-native investment firms. Its research arm provides: - **On-chain analytics and DeFi metrics**. - **Governance tracking tools**. - **Treasury and portfolio insights for digital assets**. The platform is designed to handle complex market data and deliver **institutional-grade insights** for professional investors navigating a rapidly evolving market. ## Strong Backing and Growing Market Opportunity The funding round was co-led by ParaFi Capital and Reciprocal Ventures, with participation from major players including Coinbase Ventures and [MoonPay](https://coinlaw.io/moonpay-statistics/). More than 20 founders and operators from leading blockchain projects also joined the round. The raise reflects a broader trend in the crypto sector: - **Venture capital is concentrating on fewer but larger deals**. - **Crypto fundraising rose nearly 50 percent year over year, even as deal count declined.** - **Investors are increasingly backing mature companies building core infrastructure.** At the same time, the crypto market continues to grow, supported by regulatory developments and institutional adoption, including the approval of spot [Bitcoin and Ethereum](https://coinlaw.io/bitcoin-vs-ethereum-statistics/) exchange traded funds. ## CoinLaw’s Takeaway I see this move as a **smart and necessary evolution for Blockworks**. In my experience, the crypto market has long struggled with **data fragmentation and lack of transparency**, which creates hesitation among serious investors. What Blockworks is building feels like a missing layer that traditional finance has relied on for decades. I found their pivot away from media especially telling. It shows a clear focus on **long-term value creation rather than short-term visibility**. If they execute well, Blockworks could genuinely become a **trusted backbone for crypto data**, and that is where the real opportunity lies. Definition of DeFi. Link to full glossary entry follows the description.**DeFi**Decentralized finance leverages blockchain protocols and [smart contracts](https://coinlaw.io/glossary/smart-contract/) to enable lending, trading, and borrowing without banks or traditional intermediaries. [Read more](https://coinlaw.io/glossary/defi/) Definition of Cross-Chain. Link to full glossary entry follows the description.**Cross-Chain**Cross-chain is the ability to move data or assets between separate blockchains via bridges, messaging protocols, or interoperability networks. [Read more](https://coinlaw.io/glossary/cross-chain/)