Startup Blockworks wants to become the crypto equivalent of Morningstar. How it plans to do it

Cnbc · Apr 29, 2026 · 604 words · By Liz Napolitano

Crypto Institutionalization Corporate Expansion Market Gap Analysis

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What to know about Crypto Institutionalization

Crypto startup Blockworks plans to use the proceeds from its previously unreported fundraise to scoop up some of its rivals and become a kind of Morningstar for digital assets, co-founder Jason Yanowitz told CNBC.

Claims checked 7

Techniques found 2

Topics 3

Coverage spectrum

Coverage gap: Low Left coverage

Left0%

Center80%

Right20%

5 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Why it matters

The company aims to build out its crypto-focused data platform for traders of on-chain assets, which include cryptocurrencies as well as digital representations of equities, commodities and real-world assets that live on blockchains.

Common ground

Its goal is to serve as a destination for the kind of high-quality tools that have long benefited traders of stocks and bonds but have so far eluded their crypto counterparts.

Perspective signals

The tension in the story is sharpened by Loaded Language, Oversimplification: language that can make the dispute feel more urgent, personal, or adversarial than the underlying facts alone.

Follow-up questions

What new context would change how readers understand this Crypto Institutionalization story?
What evidence would most clearly confirm or weaken the claim that the firm plans to scoop up a few of its competitors with the proceeds from its Series A extension round that closed earlier this year?
How does this story connect Crypto Institutionalization with Corporate Expansion over the next few days?

open_in_new Read the original article: https://www.cnbc.com/2026/04/29/blockworks-wants-to-become-the-crypto-equivalent…

psychologyPropaganda Techniques Detected

eFinder identified 2 propaganda techniques in this article. These signals explain how wording, emphasis, or missing context can shape a reader's interpretation.

warning

Loaded Language 70% confidence

Using words with strong emotional connotations to influence an audience.

Found in this article: eFinder flagged this technique because the story's framing or source language may guide readers toward a particular interpretation. Review the claim checks and evidence below to separate what is directly supported from what is implied by wording or emphasis.

Why it matters: Recognizing loaded language helps readers compare the article's framing with the underlying facts and with coverage from other sources.

warning

Oversimplification 60% confidence

Reducing a complex issue to a simplistic framing that distorts understanding.

Why it matters: Recognizing oversimplification helps readers compare the article's framing with the underlying facts and with coverage from other sources.

fact_checkClaims Checked

eFinder analyzed this article and checked 7 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

check_circle Corroborated 4

info Single Source 3

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Claim 1: “the firm plans to scoop up a few of its competitors with the proceeds from its Series A extension round that closed earlier this year.”

CORROBORATED

Multiple independent web search results confirm that Blockworks closed a Series A extension round that resulted in a $192M valuation.

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web search NEUTRAL — Blockworks’ Series A extension lifts its valuation to $192M, up 42% from its 2023 $135M mark. The firm shuttered its news division in 2025 to focus on Blockworks Intelligence and institutional-grade c…
https://crypto.news/blockworks-raises-series-a-extension-at-…

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web search NEUTRAL — More than 20 founders and operators from our customers participated personally in the round, including leaders from: Solana, MegaETH, LayerZero, Pyth, EigenLayer, Canton, Zora, ZKsync, Ellipsis, Krake…
https://www.linkedin.com/posts/the-blockworks-group_blockwor…

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web search NEUTRAL — Blockworks has raised a Series A extension, co-led by ParaFi and Reciprocal Ventures, with participation from 20+ of our customers and a group of operators we deeply admire. By Blockworks · Apr 29, 20…
https://blockworks.com/insights/blockworks-series-a-extensio…

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Claim 2: “its annual recurring revenue grew more than 500% last year”

SINGLE SOURCE

The provided evidence discusses general ARR definitions and a projection for 2026 revenue, but does not contain any data regarding a 500% growth in annual recurring revenue for the previous year.

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web search NEUTRAL — Blockworks is a data and software platform for crypto markets.Revenue is on track to reach $1.3B in 2026, and the platform trades at a premium multiple of around 16.9x forward sales, reflecting its po…
https://blockworks.com/?p=35065

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web search NEUTRAL — Simply put, SaaS businesses are traded on a multiple of annualized recurring revenue (ARR). All the other drivers of valuation are tied back to this benchmark in order to support a higher or lower mul…
https://www.saas-capital.com/blog-posts/annualized-recurring…

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web search NEUTRAL — To understand how $500,000 becomes more in three years, it’s essential to follow the math of compound growth. At 12% annually, each year’s revenue builds directly on the previous year’s total.
https://registerarmy.rta.mi.th/resources/a-companys-revenue-…

info

Claim 3: “In 2025, Trump signed the Genius Act into law, a measure that established a crucial legislative framework for stablecoins.”

SINGLE SOURCE

The web search results provided for this claim are completely irrelevant, discussing films and casting rather than legislation or the 'Genius Act'. No evidence was found to support or contradict the claim.

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web search NEUTRAL — The Royal Exchange By Marc Dugain 2017 L'Echange des Princesses Feature Film Completed 100 min
https://www.playtime.group/film/5e539aa71bf81e41842cef65/cas…

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web search NEUTRAL — Eagles Of The Republic is third and final film in Saleh’s Cairo trilogy after Sundance Grand Jury prize winner The Nile Hilton Incident (2017) and Cannes screenplay winner Cairo Conspiracy aka Boy fro…
https://playtime.group/film/668fd2435bf2f90002cc15ec/cast

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web search NEUTRAL — ByFrançois Ozon2019Grâce à DieuFeature FilmCompleted137 min En français Drama True Story church faith Press Kit Main info, Festivals & Award Photos Press + Synopsis Main Cast & Crew Full credits Swann…
https://www.playtime.group/film/5e539aa11bf81e41842cef12/cas…

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Claim 4: “In 2024, the Securities Exchange Commission greenlighted spot bitcoin and ether ETFs to trade”

CORROBORATED

Multiple sources confirm that the SEC approved spot bitcoin ETFs at the start of 2024 and spot ether ETFs in May 2024.

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web search NEUTRAL — The U.S. Securities and Exchange Commission (SEC) on Thursday approved applications from Nasdaq, CBOE and NYSE to list exchange-traded funds (ETFs) tied to the price of ether, potentially paving the w…
https://www.reuters.com/technology/us-sec-approves-exchange-…

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web search NEUTRAL — The Securities and Exchange Commission (SEC) approved bitcoin spot exchange-traded funds (ETFs) at the start of this year, capturing the attention of investors.
https://qz.com/bitcoin-ether-etf-solana-xrp-sec-1851664387

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web search NEUTRAL — The SEC approved eight Ether ETF issuers' 19b-4 forms to list spot ETFs on various US exchanges on May 23, just five months after approving Bitcoin ETFs. 19b-4 forms are regulatory filings used by exc…
https://www.KuCoin.com/de/learn/crypto/best-ethereum-etfs-to…

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Claim 5: “Co-led by ParaFi Capital and Reciprocal Ventures with support from Coinbase's venture capital arm, the extension round valued Blockworks at $192 million.”

CORROBORATED

Three separate sources confirm the valuation of $192 million and that the round was co-led by ParaFi Capital and Reciprocal Ventures with participation from Coinbase Ventures.

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web search NEUTRAL — The round was co-led by ParaFi and Reciprocal Ventures, with additional investment from Coinbase Ventures, Advancit Capital, MoonPay Ventures, Firestreak Ventures, Modular Capital, Moonrock Capital, F…
https://www.linkedin.com/posts/the-blockworks-group_blockwor…

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Claim 6: “Blockworks' events business, which hosts a popular institutional crypto conference called the Digital Assets Summit.”

CORROBORATED

Multiple sources confirm that Blockworks hosts the Digital Assets Summit (DAS), describing it as an institutional-focused event.

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web search NEUTRAL — Our CEO Adrian Baschuk joined the innovators driving digital finance, discussing game-changing trends and defining the future of institutional crypto.
https://www.linkedin.com/posts/epic-chain_blockworks-digital…

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web search NEUTRAL — Last month, Blockworks hosted its Digital Asset Summit (DAS) at the Royal Lancaster Hotel in London, England. During this event, builders, financiers and enthusiasts gathered to speak about the new wo…
https://www.tradingview.com/news/benzinga:165db0c75:0/

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web search NEUTRAL — Since launching in 2018, Blockworks has built out its conference program to include the Digital Asset Summit, an institutionally-focused event moving to Washington, D.C. in 2024 to reflect the intensi…
https://blockworks.com/news/blockworks-raises-12m

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Claim 7: “Crypto startup Blockworks plans to use the proceeds from its previously unreported fundraise to scoop up some of its rivals”

SINGLE SOURCE

While multiple sources confirm the $192M valuation and the funding round, none of the provided evidence mentions the specific intent to 'scoop up' or acquire rivals. This detail appears to be unique to the original claim.

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web search NEUTRAL — Blockworks has reached a $192 million valuation after closing a new funding round aimed at expanding its crypto data platform and infrastructure. Key Takeaways. Blockworks secured a $192 million valua…
https://coinlaw.io/blockworks-192m-valuation-crypto/

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web search NEUTRAL — Blockworks Just Raised At a $192 Million Valuation To Build the Morningstar Of Crypto.Blockworks closed a Series A extension round at a $192 million valuation, co-led by ParaFi Capital and Reciprocal …
https://www.briefs.co/news/blockworks-just-raised-at-a-192-m…

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web search NEUTRAL — Blockworks Series A funding round with Coinbase Ventures participation valued at $192 million in a modern office setting. Blockworks, a prominent crypto media outlet, has successfully raised an undisc…
https://bitcoinworld.co.in/blockworks-series-a-funding-valua…

info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.