Blockworks acquired Messari, one of the leading data and analysis platforms in the cryptocurrency market, for over $10 million. With the agreement, two major structures that provide comprehensive data, research and market intelligence in the sector have been united under one roof.
Scope of purchase
Both companies were founded in 2018 and have specialized in different areas over the past years. While Blockworks stands out in research, media and corporate products, Messari is known for its wide data coverage and application infrastructure. The companies stated that this merger supports the goal of creating a more reliable and integrated registration system for on-chain markets.
Blockworks recently completed the extension part of its Series A investment round, and in this process, the company’s valuation reached $192 million. It was reported that the purchasing decision came after this financing step. Blockworks believes that as institutional participation in crypto asset markets increases, the need for data infrastructure also accelerates.
Blockworks announced that its Messari acquisition brings together two of the crypto industry’s largest data and market intelligence platforms and is part of its plan to create a trusted foundation for on-chain markets.
Messari’s data power stands out
Messari is known for its datasets covering more than 40 thousand crypto assets. Platform; It monitors topics such as assets, markets, stock exchanges, stablecoins, protocols, token unlocking, fund collection processes and social sensitivity. It is stated that these data are currently used in the funds’ workflows, stock exchange listing processes and developer applications.
Messari API is also shown as one of the strong infrastructures of the industry. This system allows funds, trading platforms and software developers to import structured data directly into their systems.
Mini dictionary: API is an application interface that allows different software to exchange data with each other. In crypto markets, a powerful API enables fast and orderly transfer of price, transaction and asset data to automated systems.
Blockworks co-founder Jason Yanowitz explained the rationale for the acquisition in terms of data access and callable infrastructure. Yanowitz stated that an artificial intelligence agent is only as powerful as the data it can access and the API it can use, which is why Messari is of critical importance. This approach shows that the transaction is evaluated with a direct infrastructure focus, not just market share.
The target is corporate on-chain finance
According to the companies’ statements, the combined structure aims to develop solutions for traditional financial assets carried on-chain. In this area, standard disclosures, investor relations tools and performance tracking stand out for issuers; The need for reliable data for funds, exchanges, custodians, brokerage firms and the regulatory side is growing.
While Blockworks seeks to address these needs with its Token Transparency Framework and investor relations tools, Messari’s market data and API coverage will complement this structure. In the joint statement, it was emphasized that the goal of bringing more transparency and trust to the markets accelerates as institutions come on chain.
It was also reported that the combined structure plans to offer compliance processes, ratings and programmatic data access for artificial intelligence agents in the future. Blockworks expressed the view that a larger market structure will be formed as stocks, bonds, currencies and commodities are moved on-chain.
