Blockworks, the leading crypto data platform, has acquired Messari, a crypto data and market intelligence company, in a move reshaping the industry’s information landscape.
The deal brings together two of the sector’s largest information businesses and marks the first major acquisition since Blockworks completed a Series A extension at a $192 million valuation.
Blockworks raised those funds partly to consolidate crypto’s fragmented data and information market, and the Messari purchase represents the clearest execution of that strategy to date.
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.
The platform’s API spans assets, markets, exchanges, news, research, stablecoins, protocols, networks, token unlocks, fundraising, social sentiment, event monitoring, watchlists, and more, making it critical infrastructure for many market participants.
The combined entity creates a two-sided platform connecting both halves of onchain capital markets, linking issuers and investors in a single ecosystem.
Blockworks has built for the issuer side, offering standardised disclosures through the Token Transparency Framework, while Messari has served the investor and platform side with market intelligence and data tools used by funds, exchanges, custodians, regulators, and developers.
“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. More issuers make the data more valuable. More investors make publishing through Blockworks more important. Together, we close the loop.”
The deal reflects a broader bet that crypto’s data layer will consolidate in the same way Wall Street information services once did, forming dominant platforms comparable to S&P Global, Moody’s, FactSet, and Bloomberg.
Yanowitz also pointed to artificial intelligence as a key growth driver for the combined business going forward.
“AI makes this opportunity larger, not smaller,” Yanowitz added. “In legacy markets, ratings, research, and diligence required enormous analyst headcount. In crypto, the raw material is already digital, structured, and real-time. As markets move onchain, the winning platform will combine trusted data, issuer-provided disclosures, onchain activity, market intelligence, and AI-native workflows.”
Messari CEO Diran Li framed the merger as a natural alignment of long-held values shared by both companies.
“Messari and Blockworks have both spent years focused on bringing more transparency, trust, and structure to crypto markets,” said Li. “Coming together allows us to pursue that shared vision more efficiently and build a stronger platform for the customers, investors, and institutions moving onchain.”
For existing Messari customers, the company has confirmed that core products and coverage will continue, supported by the broader combined platform underneath them.
Near-term priorities for the merged business include deeper data coverage, stronger APIs, more complete investor relations tooling, better monitoring and compliance workflows, and more useful research and ratings.