In 2024, Coinbase expanded its portfolio by acquiring Liquifi, a token management platform previously funded by prominent venture capital firms. The acquisition aims to facilitate easier cryptocurrency ownership and management processes, addressing challenges in the blockchain ecosystem. Other recent Coinbase acquisitions include Spindl and Iron Fish, enhancing its market presence. Liquifi, known for its use by well-known crypto companies, faces a legal challenge from competitor Toku, but Coinbase stands firmly behind Liquifi, emphasizing its thorough diligence ahead of the acquisition.
Token creation and cap table management is part of the process. If we want to bring a billion people on chain, this process needs to be much easier and less broken.
We're ten toes deep with Liquifi and in their corner. We've done rigorous diligence on this.
Liquifi has compared itself to the private equity-management platform Carta, which lets investors manage stakes in traditional equity deals.
This year, Coinbase acquired Spindl, a crypto-based advertisement company, as well as the team behind Iron Fish, a privacy-focused blockchain.
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