Coinbase acquires web3 startup Liquifi after $2.9B Deribit deal

Key Takeaways

Coinbase acquired Liquifi to strengthen token administration and streamline token launches for blockchain builders.
Liquifi’s integration will supply enhanced compliance, vesting, and compensation instruments to onchain venture groups through Coinbase Prime.

Coinbase has acquired Liquifi, a token administration platform, as a part of its efforts to boost companies for blockchain builders and tasks, the corporate introduced at this time. Monetary phrases of the acquisition weren’t disclosed.

Liquifi supplies instruments for managing token possession, vesting schedules, and compliance workflows. The platform presently serves outstanding blockchain tasks together with Uniswap Basis, OP Labs (Optimism), Ethena, Zora, and 0x.

“We wish to take away these boundaries by offering each the product and the experience to make token launches easy, compliant, and scalable,” stated Greg Tusar.

The acquisition goals to streamline token launches for early-stage groups by automating core workflows and decreasing launch dangers. Coinbase plans to combine Liquifi’s capabilities with Coinbase Prime, providing issuers direct entry to instruments by way of their Prime platform, together with custody, buying and selling, and financing companies.

The platform additionally supplies options for workers to handle token compensation plans and permits buyers to deal with token holdings much like conventional fairness administration.

It is a growing story. Please come again for additional updates.