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 provide enhanced compliance, vesting, and compensation instruments to onchain venture groups through Coinbase Prime.
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Coinbase has acquired Liquifi, a token administration platform, as a part of its efforts to reinforce companies for blockchain builders and tasks, the corporate introduced right this moment. Financial phrases of the acquisition weren’t disclosed.
Liquifi supplies instruments for managing token possession, vesting schedules, and compliance workflows. The platform at the moment serves outstanding blockchain tasks together with Uniswap Foundation, OP Labs (Optimism), Ethena, Zora, and 0x.
“We want to remove these barriers by providing both the product and the expertise to make token launches simple, compliant, and scalable,” mentioned Greg Tusar.
The acquisition goals to streamline token launches for early-stage groups by automating core workflows and lowering 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 allows traders to deal with token holdings much like conventional fairness administration.
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