Blockworks secures $192m valuation as it moves beyond media into market infrastructure

Blockworks has closed a Series A extension for $192 million, marking a new step for the company to build market infrastructure for crypto data, investor relations and token issuance.

The round was led by a partnership of Parafi and Reciprocal Ventures, with participation from Coinbase Ventures, MoonPay Ventures, Flowdesk, Auros, Milk Road and others, although the amount raised was not disclosed.

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

The addition comes as Blockworks continues to transform from a crypto media brand into a comprehensive data and information platform for onchain markets. Blockworks valuation increased to $192 million in May 2023 from $135 million.

Blockworks currently makes three main products. Its data platform contains trillions of rows in more than 100 pipelines, including fully indexed blockchains, nearly 100 sources, and more than a dozen major exchanges. Hundreds of companies and funds use the platform for marketing and protocol workflows.

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

A third product, the Token Transparency Framework, is designed to standardize crypto disclosures. Blockworks is rated at over 30 issuers today and the framework is expected to reach over 200 issuers by the end of the year. The company has filed its framework with the SEC and CFTC and is in active integration talks with major exchanges.

Blockworks introduced 2025, a token transparency framework focused on providing projects with a standardized way to communicate fundamental market information. The framework covers 18 requirements, including token supply, allocation, governance, pooling and financial disclosure.

The company is deploying the platform as a missing layer of trust for crypto capital markets. Crypto has grown into a multi-trillion dollar asset class, but investors still face fragmented information, inconsistent disclosures and limited ways to connect with the companies behind the tokens they own.

According to Ben Foreman, founder of Parafi, crypto's biggest remaining bottleneck is no longer technology or regulation, but a trust gap between issuers and investors. To bridge the gap, Blockwork has built one of the most comprehensive platforms in the market, he said.

Jason Yanowitz, co-founder of Blockworks, said the company's mission is to build trust in onchain markets. He said that every segment of liquidity needs reliable data, issuer communications and disclosures that hold companies accountable, adding that traditional markets have built hundreds of billions of dollars worth of infrastructure around these activities.