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.
— Blockworks (@Blockworks) April 29, 2026
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
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:
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:
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 funds, 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. 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 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.
