The leading US crypto exchange and services provider Coinbase says it has acquired the on-chain capital formation platform Echo.
The firm says the purchase is valued at approximately $375 million and will be paid in a mix of cash and stock.
CEO Brian Armstrong says on X,
“On-chain capital formation is a vital and unique part of the crypto ecosystem. Excited to be adding Echo and Sonar to Coinbase to give our customers new token access opportunities.”
Founded in 2021, Echo provides infrastructure for projects to raise capital directly on-chain. Its “Sonar” product allows teams to conduct both private and public fundraising rounds.
According to Coinbase, Echo has supported more than 300 fundraising deals and facilitated over $200 million in total capital raised since launch.
The company notes that combining Echo’s infrastructure with Coinbase’s exchange, custody, and on-chain products will allow it to support issuers through the entire lifecycle of a token – from fundraising to trading.
Earlier this year, Coinbase acquired Liquifi, a token management platform used by projects such as Uniswap Foundation, OP Labs, Ethena, Zora, and 0x. The platform automates token ownership, vesting, and compliance workflows, helping teams streamline launches and manage regulatory requirements.
Coinbase says the acquisition strengthens its ability to support builders earlier in their lifecycle and will eventually integrate Liquifi’s tools into Coinbase Prime, further expanding its on-chain infrastructure for token issuance and management.
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
