Crypto data firm Blockworks raises Series A extension at 192 million valuation

NEW YORK — Blockworks closed a Series A funding extension valuing the New York-based crypto data platform at $192 million, the company said in a statement on Tuesday. The digital asset platform provides analytics terminals, research products, and pricing feeds to institutional investors who pay for verified metrics to trade tokens, track wallet flows, and monitor protocol yields across multiple blockchain networks.

ParaFi and Reciprocal Ventures participated in the funding round for Blockworks, committing capital to the $192 million analytics provider as digital asset markets draw heightened interest from market participants. Institutional investors pay for analytics terminals, research products, and pricing feeds to monitor protocol yields, track wallet flows, and trade tokens across decentralized networks, according to the company.

Blockworks built its business model by selling subscriptions to corporate treasuries, active traders, and investment funds, utilizing the Series A resources to maintain pricing feeds for the $192 million enterprise. Corporate executives use these verified metrics to run trading desks, manage risk limits, and build index products for clients who demand constant oversight of digital asset markets and blockchain protocols.

Corporate development executives at Blockworks are drawing up term sheets to acquire rival tracking tools, deploying a portion of the capital to absorb database architectures and fold engineering staff into the main office. The company plans to handle higher query volumes across multiple blockchain networks using the resources secured during the Series A funding extension that valued the $192 million firm.

Smaller tracking firms often accept buyout offers when server costs mount and proprietary feeds become too expensive to maintain independently, leaving room for expansion by the company. The New York-based enterprise has not disclosed the exact dollar amount raised in the extension or named specific acquisition targets following the $192 million round, according to the company statement.