Blockworks secures $192M valuation as it pushes beyond media into market infrastructure

Blockworks closed a Series A extension at a $192 million valuation, marking a new step in the company’s push to build market infrastructure for crypto data, investor relations, and token disclosures.

The round was co led by ParaFi and Reciprocal Ventures, with participation from Coinbase Ventures, MoonPay Ventures, Flowdesk, Auros, Milk Road, and others, though the amount raised was not disclosed.

More than 20 founders and operators from Blockworks’ customer base also participated personally in the round, including leaders from Solana, LayerZero, Pyth, EigenLayer, Kraken, Jito, Arbitrum, Celestia, Polygon, and others.

The raise comes as Blockworks continues shifting from a crypto media brand into a broader data and information platform for onchain markets. Blockworks’ valuation rose from $135 million in May 2023 to $192 million in the latest round.

Blockworks currently runs three main products. Its data platform ingests trillions of rows across more than 100 pipelines, including fully indexed blockchains, nearly 100 sources, and direct feeds from more than a dozen major exchanges. Hundreds of companies and funds use the platform for market and protocol workflows.

The company also launched Blockworks IR at DAS this year, positioning it as a full stack investor relations platform for onchain businesses. The product includes branded investor portals, curated analytics, quarterly reports, calls, and a command center for managing investor engagement. Solana, BNB Chain, and Jito are already live on the platform.

Its third product, the Token Transparency Framework, is designed to standardize crypto disclosures. Blockworks says more than 30 issuers are rated today and that the framework is expected to scale to more than 200 issuers by year-end. The company has presented the framework to both the SEC and CFTC and is in active integration talks with major exchanges.

Blockworks introduced the Token Transparency Framework in 2025 as an open disclosure structure for token issuers, focused on giving projects a standardized way to communicate basic market information. The framework covers 18 criteria, including token supply, allocation, governance, team, and financial disclosure data.

The company is pitching the platform as a missing trust layer for crypto capital markets. Crypto has grown into a multitrillion dollar asset class, but investors still face fragmented data, inconsistent disclosures, and limited ways to communicate with the companies behind the tokens they own.

Ben Forman, founder of ParaFi, said crypto’s biggest remaining bottleneck is no longer technology or regulation, but the trust gap between issuers and investors. He said Blockworks has built one of the market’s most comprehensive platforms to help narrow that gap.

Jason Yanowitz, co founder of Blockworks, said the company’s mission is to build trust in onchain markets. He said every liquid asset class needs reliable data, issuer communication, and disclosures that hold companies accountable, adding that traditional markets have built hundreds of billions of dollars of infrastructure around those functions.