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Blockworks Secures $192 Million Valuation in Series A Extension to Scale Institutional Crypto Data

Investor backing signals demand for standardized information in token markets.

Blockworks raises series a extension at $192m valuation
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Overview

  • Blockworks, which closed the extension Wednesday, was valued at $192 million in a round co-led by ParaFi Capital and Reciprocal Ventures with Coinbase Ventures participating.
  • More than 20 protocol founders and operators also invested, including leaders from Solana, LayerZero, Pyth, EigenLayer, Kraken, Arbitrum, and Polygon.
  • The company plans to use the new capital to buy rivals and expand its data platform in a push to become a Morningstar-style reference for digital assets.
  • Blockworks now centers on three products that address a trust gap in crypto: a large on-chain data platform, Blockworks IR for investor outreach, and a Token Transparency Framework presented to U.S. market regulators.
  • Co-founder Jason Yanowitz said annual recurring revenue grew more than 500% last year as institutions seek clean data, clear disclosures, and direct ways to engage with token issuers.