Blockworks has acquired crypto data and market intelligence firm Messari, combining two of the industry’s largest information platforms in a move aimed at creating a more comprehensive data and disclosure infrastructure for digital assets.
The acquisition, announced Thursday, follows Blockworks’ recent Series A extension that valued the company at $192 million. Financial terms of the transaction were not disclosed.
The deal brings together Blockworks’ investor relations and disclosure tools with Messari’s extensive crypto data platform, which tracks more than 40,000 digital assets and provides APIs, research, market intelligence, fundraising data, token unlock information, and protocol analytics used by investors, exchanges, developers, and financial institutions.
The combined company is positioning itself as a centralized source of information for onchain capital markets, an industry that remains fragmented despite rapid growth in digital assets and blockchain-based financial activity.
“This acquisition connects the two sides of the market,” said Jason Yanowitz, co-founder of Blockworks. “Issuers maintain a trusted record of their business, and investors, exchanges, regulators, and investors consume that record through research, APIs, and automated workflows.”
The transaction reflects a broader effort to build infrastructure similar to the role firms such as Bloomberg, FactSet, Moody’s, and S&P Global play in traditional financial markets. While legacy markets rely on standardized disclosures, ratings, benchmarks, and data services, the crypto sector has historically lacked a unified information framework.
Founded in 2018, Blockworks has focused on providing data, research, and investor relations services for digital asset companies. Its Token Transparency Framework is designed to standardize disclosures for crypto projects and token issuers.
Messari, founded in 2018, has become one of the industry’s largest independent data providers. Its products are used by hedge funds, exchanges, custodians, fintech companies, regulators, and developers seeking structured information about digital assets and blockchain networks.
The acquisition also reflects growing interest in artificial intelligence applications across financial services. Company executives said demand for structured, real-time crypto data is increasing as AI-powered research and analysis tools become more widely adopted.
“AI makes this opportunity larger, not smaller,” Yanowitz said. “As markets move onchain, the winning platform will combine trusted data, issuer-provided disclosures, onchain activity, market intelligence, and AI-native workflows.”
Messari Chief Executive Officer Diran Li said the two companies share a common focus on improving transparency and trust across digital asset markets.
“Coming together allows us to pursue that shared vision more efficiently and build a stronger platform for the customers, investors, and institutions moving onchain,” Li said.
For existing Messari customers, both companies said current products and services will continue operating while new capabilities are integrated. Near-term priorities include expanding data coverage, enhancing API offerings, strengthening investor relations tools, improving compliance and monitoring workflows, and developing additional research and ratings products.
The acquisition represents one of the more notable consolidation moves in the crypto information sector as companies seek scale and broader data capabilities amid increasing institutional participation in digital asset markets.
Blockworks said the combined platform will serve both sides of the market: organizations issuing and managing digital assets and the investors, exchanges, regulators, and service providers that rely on accurate market intelligence and disclosures.