Crypto traders have spent a decade chasing data across a dozen apps, screens, and dashboards. Stock and bond traders have one source for the same job. The gap has been there for years. It has just never been worth fixing.
Blockworks thinks the moment has finally arrived. The crypto data startup is using a previously unreported funding round to buy up some of its rivals and build the kind of single-source research platform that traditional finance takes for granted.
The Series A extension round, co-led by ParaFi Capital and Reciprocal Ventures with backing from Coinbase's venture arm, valued Blockworks at $192 million, co-founder Jason Yanowitz said. Yanowitz did not share the size of the round. He also held back exact revenue figures but said annual recurring revenue grew more than 500% last year and "continues to scale rapidly."
A meaningful chunk of those gains comes from the company's events arm, which runs the Digital Assets Summit, a popular institutional crypto conference.
The proceeds will fund acquisitions of competitors. The end goal: a destination for tools that traders of stocks and bonds already get from FactSet, Moody's, S&P Global Research, and Morningstar.
"We're so behind on data and research and information," Yanowitz said. "Those don't exist yet for assets that are coming onto" the blockchain.
The U.S. has spent two years walking the crypto market further into the mainstream. The SEC cleared spot Bitcoin and Ether ETFs in 2024, and President Trump signed the Genius Act in 2025, the first real legal framework for stablecoins.
That regulatory shift opened the door for institutions. The data layer never caught up.
Retail and institutional traders still piece together quotes, on-chain activity, and research from a long list of providers. It is expensive. It is clunky. And it is the kind of friction that quietly keeps capital out of an asset class.
Yanowitz framed it as a trust issue with two sides. "Businesses have not done the work to earn institutional trust, and investors do not have the information they need to underwrite the asset class," he said. "We are here to fix both sides of that."
The crypto data space is fragmented enough that no clear leader has emerged, even though the industry could be worth billions of dollars by some estimates Yanowitz cited. Blockworks is now signaling that the consolidation phase is starting. Watch which competitors it picks up first, and how fast institutional clients move when there is finally one place to look.
