Blockworks, one of the leading data and analytics providers in the cryptocurrency sector, has purchased Messari for over $10 million. The deal brings together two major platforms that deliver wide-ranging data, research, and market intelligence under a single roof.
Scope of the acquisition
Both companies were founded in 2018 and have since carved out distinct areas of expertise. Blockworks has established itself as a prominent player in research, media, and institutional products, while Messari is recognized for its extensive data coverage and application infrastructure. The two firms stated that combining their platforms aims to create a more reliable and integrated record system for on-chain markets.
Blockworks recently completed an extension of its Series A funding round, bringing its valuation to $192 million. The acquisition decision reportedly followed this financial milestone. Blockworks believes that as institutional involvement in crypto markets increases, there is an accelerated demand for robust data infrastructure.
Blockworks announced that by acquiring Messari, it is combining the crypto sector’s two largest data and market intelligence platforms, as part of its plan to create a reliable foundation for on-chain markets.
Messari’s data capabilities take center stage
Messari is widely known for its datasets covering more than 40,000 crypto assets. The platform tracks assets, markets, exchanges, stablecoins, protocols, token unlocks, fundraising events, and social sentiment. These datasets are already used in workflows by funds, listing processes on exchanges, and developer applications.
Messari’s API is also regarded as one of the sector’s strongest infrastructures, enabling funds, trading platforms, and software developers to directly integrate structured data into their systems.
Glossary: An API (Application Programming Interface) allows different software systems to exchange data. In crypto markets, a strong API ensures price, trading, and asset data can be quickly and reliably sent to automated systems.
Jason Yanowitz, co-founder of Blockworks, explained the rationale behind the acquisition, emphasizing the importance of data access and callable infrastructure. According to Yanowitz, an AI agent is only as powerful as the data it can access and the APIs it can utilize, making Messari’s assets critically important. This reveals the transaction’s focus on infrastructure, not just market share.
Focus on institutional on-chain finance
According to statements from the companies, the combined entity aims to develop solutions for traditional financial assets moving onto blockchain. Key areas include standardized disclosures for issuers, investor relations tools, and performance tracking. Meanwhile, funds, exchanges, custodians, brokerages, and regulators face a mounting need for trustworthy data.
Blockworks is addressing these needs with its Token Transparency Framework and investor relations tools, while Messari’s robust market data and API complement this offering. The joint statement emphasized the growing momentum to enhance transparency and trust in markets as more institutions migrate on-chain.
The combined operation is also planning to offer compliance processes, ratings, and programmatic data access tailored to AI agents in the future. Blockworks expressed that as equities, bonds, currencies, and commodities move on-chain, the market structure will expand significantly.
