Coinbase has acquired Liquifi, a token management platform designed to simplify token operations for early-stage crypto projects, though the deal’s terms were not disclosed.
The platform in question, identified as Liquifi in broader contexts, is a tool used by prominent projects such as Uniswap to efficiently manage token cap tables, establish vesting schedules, and ensure ongoing adherence to regulatory compliance requirements.
Liquifi also helps projects manage legal, tax, and compliance complexities and is already utilized by entities like the Uniswap Foundation.
This acquisition, Coinbase‘s fifth this year, aims to enhance on-chain development accessibility, aligning with its infrastructure growth strategy, particularly for its layer-2 network, Base. Liquifi had previously raised $5 million in a 2022 seed round.
Its tools, including token vesting and compliance features, will support businesses launching on-chain, and some will integrate into Coinbase Prime. Following the news, Coinbase’s stock rose 2.4% to $343.50, marking a 37% year-to-date increase and a record closing price.
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