Blockworks plans acquisitions to build Morningstar-style data platform for digital assets
Updated
Updated · CNBC · Apr 29
Blockworks plans acquisitions to build Morningstar-style data platform for digital assets
5 articles · Updated · CNBC · Apr 29
Blockworks will use proceeds from a Series A extension round, valuing the firm at $192 million, to acquire competitors and expand its crypto data platform.
The company aims to provide comprehensive, reliable data tools for on-chain asset traders, addressing a gap that has hindered crypto market growth and institutional trust.
Recent U.S. regulatory shifts, including SEC approval of spot bitcoin and ether ETFs and the 2025 Genius Act, have fueled crypto adoption, increasing demand for robust data infrastructure.
As Blockworks acquires rivals, what key technology is it hunting to complete its 'Morningstar for crypto' vision?
What critical on-chain data can Blockworks offer institutions that a Bloomberg terminal cannot currently provide?
Following the GENIUS Act, how will Blockworks help investors differentiate the risk between competing U.S. dollar stablecoins?
How can Blockworks dominate a data market crowded with established giants like Nansen, Dune Analytics, and Kaiko?
Can one centralized company truly solve the deep-seated trust issues inherent in the decentralized world of crypto?