Blockworks swallows Messari in a crypto data land grab

Two Titans, One Platform

@Blockworks has acquired @MessariCrypto, combining the two largest crypto data and market intelligence businesses under a single roof. The deal brings together Blockworks, the leading crypto data platform, and Messari, a crypto data and market intelligence company. Financial terms were not disclosed.

Messari has spent eight years building what it describes as the most comprehensive data platform in crypto, with coverage of more than 40,000 assets and an API spanning assets, markets, exchanges, news, research, stablecoins, protocols, networks, token unlocks, fundraising, social sentiment, and more. That infrastructure now sits inside Blockworks.

A Consolidation Play, Months in the Making

The deal marks the first major acquisition following Blockworks' Series A extension at a $192 million valuation, a round the company raised in part to consolidate crypto's fragmented data and information market. 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.

Blockworks has argued 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 Messari acquisition is a direct response to that gap.

The combined entity is designed as a two-sided platform: Blockworks has built for the issuer side, offering standardized disclosures through the Token Transparency Framework and a full-stack investor relations platform, while Messari has built for the investor and platform side, with market intelligence, data coverage, APIs, and AI tools used by funds, exchanges, custodians, fintechs, brokerages, regulators, and developers.

Messari CEO Diran Li, who took over leadership of the company earlier this year following a period of restructuring, will continue with the combined business. Li said the two companies share a focus on bringing transparency, trust, and structure to crypto markets, and that coming together allows them to pursue that vision more efficiently.

For Blockworks co-founders Jason Yanowitz and Michael Ippolito, the move is a step toward a long-stated ambition: building the Morningstar of onchain markets, a single, trusted system of record for crypto assets that can serve issuers and institutional investors alike.

Sources
Blockworks acquires Messari: official press release (BusinessWire)
Blockworks Series A extension at $192M valuation (Pulse 2.0)