Blockworks co-founders Michael Ippolito and Jason Yanowitz will speak at the event.
Provided by: Blockworks
Cryptocurrency startup Blockworks plans to use proceeds from a previously unreported funding to scoop up rivals and become something like the Morningstar of digital assets, co-founder Jason Janowitz told CNBC.
The company aims to build a crypto-focused data platform for traders of not only cryptocurrencies, but also stocks, commodities, and on-chain assets, including digital representations of real-world assets that reside on the blockchain. Its goal is to serve as a destination for the kinds of high-quality tools that have long benefited stock and bond traders, but have not been available to cryptocurrency traders until now.
“The data, the research, the information (on digital assets) is so far behind,” Yanowitz said. “In traditional finance, you have Morningstar, but you also have FactSet and Moody’s and S&P Global Research.
“For the assets that are coming up[on blockchain]they don’t exist yet,” he added.
To realize that vision, the company plans to scoop up several competitors with proceeds from a Series A extension round that closed earlier this year. The extended round, co-led by ParaFi Capital and Reciprocal Ventures and supported by Coinbase’s venture capital arm, valued Blockworks at $192 million.
Janowitz declined to reveal how much money was raised in the extension round. The founder also declined to disclose Blockworks’ exact revenue numbers, but said the company’s annual recurring revenue increased more than 500% last year and “continues to rapidly expand.”
Some of these profits come from Blockworks’ events business, which hosts a popular institutional crypto conference called Digital Asset Summit.
vast cryptographic data industry
For more than a decade, crypto-native companies have been competing to scrape, clean, aggregate, and distribute data from blockchains for sale to traders. Traders use that data to track price patterns, time trades, and reduce risk, among other things.
According to Yanowitz, there has never been a clear leader crowned in the sprawling crypto data industry, which can be worth billions of dollars. As a result, individual traders and institutional investors in on-chain assets must rely on a hodgepodge of tools and services provided by different data providers to make informed buys and sells, which is inconvenient and expensive.
This is an issue that could deter people from trading digital assets, and could hinder the market’s growth at a time when it is gaining more traction than ever and trying to gain ground.
Over the past two years, the United States has increasingly adopted a more flexible regulatory and legislative stance towards tokenized assets, leading to a booming crypto market. In 2024, the Securities and Exchange Commission greenlighted spot Bitcoin and Ether ETF trading, expanding access to the crypto market for institutional investors and retail traders. In 2025, Trump signed the Genius Act, a bill that establishes an important legal framework for stablecoins.
Improving cryptocurrency adoption through data access
Yanowitz said that while the cryptocurrency market is growing and maturing, the same cannot be said for many of the data providers that serve it.
“Every asset class throughout history has needed reliable data, a way for companies to communicate with investors, and disclosures that hold issuers accountable,” Yanowitz said. “In traditional markets, that infrastructure is worth hundreds of billions of dollars. With cryptocurrencies, that infrastructure is almost non-existent.”
But the executive is hopeful his company can address these obstacles to widespread adoption of alternative assets.
“Cryptocurrencies have trust issues and are two-faced,” Yanowitz said. “Companies aren’t doing the work to earn institutional trust, and investors don’t have the information they need to underwrite the asset class. We’re here to solve both sides of that.”
