According to a recent LinkedIn post from Digital Asset, crypto media and data platform Blockworks has secured a Series A extension at a $192 million valuation. The post notes that the round was co-led by ParaFi and Reciprocal Ventures, with participation from Coinbase Ventures, MoonPay Ventures and a broad syndicate of venture and strategic investors.
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The company’s LinkedIn post highlights that more than 20 founders and operators from Blockworks’ customers personally participated, including leaders from projects such as Solana, LayerZero, Pyth, EigenLayer, Canton and others. This cross-participation suggests growing interdependence between infrastructure, data providers and trading venues within the onchain capital markets ecosystem.
As shared in the post, Blockworks’ stated focus is on building trust in onchain markets by improving information quality for investors and tools for businesses to demonstrate credibility. For investors tracking Digital Asset’s ecosystem, the emphasis on transparency and onchain capital markets aligns with broader sector themes around institutionalization and compliance in digital asset markets.
The post suggests that increased funding for information and analytics providers like Blockworks could accelerate institutional adoption of onchain markets, potentially benefiting infrastructure platforms that enable tokenization and settlement. While the LinkedIn content does not provide direct financial metrics for Digital Asset, it points to an expanding network of well-capitalized partners and customers across the blockchain and DeFi landscape.
If Blockworks successfully deploys this capital to deepen data coverage and market intelligence, it could improve price discovery and reduce perceived risk in digital assets. That, in turn, may support transaction volumes and product development opportunities for companies building institutional-grade blockchain solutions, indirectly bolstering the competitive position of firms like Digital Asset in the evolving onchain capital markets stack.