Blockworks, a crypto data platform, has closed a Series A extension at a $192 million valuation to advance its mission of building foundational infrastructure for onchain capital markets.
The round was co-led by ParaFi and Reciprocal Ventures, with additional investment from Coinbase Ventures, Advancit Capital, MoonPay Ventures, and more than 20 other firms and individual operators. More than 20 founders and operators from Blockworks’ customer base participated personally in the round, including leaders from Solana, MegaETH, LayerZero, Pyth, EigenLayer, Kraken, Arbitrum, Polygon, and others.
The New York-based company operates three core products: a data platform with trillions of rows of data across more than 100 pipelines ingesting from nearly 100 sources; Blockworks IR, a full-stack investor relations platform for onchain businesses with Solana, BNB Chain, and Jito already live; and the Token Transparency Framework, a disclosure standard for crypto that has rated more than 30 issuers and has been presented to both the SEC and CFTC, with active integration conversations underway with every major exchange.
Blockworks argues that the crypto industry has grown to trillions of dollars without the infrastructure every other capital market relies on, leaving investors to underwrite assets with fragmented data, inconsistent disclosures, and no standard communication channel with token issuers. The company is positioning its three products as the solution to that gap.
KEY QUOTES:
Crypto’s biggest remaining bottleneck is no longer technology or regulation. It’s the trust gap between issuers and investors. In our view, Blockworks has built one of the most comprehensive platforms in the market to help narrow that gap.
Ben Forman, Founder, ParaFi
Our mission is to build trust in onchain markets. Every liquid asset class in history has required data you can rely on, a way for businesses to communicate with investors, and disclosures that hold issuers accountable. In traditional markets, that infrastructure is worth hundreds of billions of dollars. In crypto, almost none of it exists yet. That is what we have built.
Jason Yanowitz, Co-Founder, Blockworks
