Coinbase Acquires Token Management Platform Liquifi To Strengthen Developer Services
Coinbase acquired Liquifi, a token management platform that serves major blockchain projects including Uniswap Foundation, OP Labs, Ethena, Zora, and 0x. According to Crypto Briefing, the cryptocurrency exchange announced the deal on July 2, 2025, without disclosing financial terms.
Liquifi provides tools for managing token ownership, vesting schedules, and compliance workflows for blockchain developers. The platform secured $5 million in a 2022 seed funding round led by Dragonfly Capital Partners. Greg Tusar, Coinbase's VP of Institutional Product, stated the acquisition aims to remove barriers by providing expertise to make token launches simple, compliant, and scalable.
Coinbase plans to integrate Liquifi's capabilities with Coinbase Prime, offering issuers direct access to management tools alongside custody, trading, and financing services. The platform enables employees to manage token compensation plans and allows investors to handle token holdings similar to traditional equity management.
Why This Matters
This acquisition represents Coinbase's fourth major deal in 2025, following its record-breaking $2.9 billion purchase of derivatives exchange Deribit in May. According to CoinDesk, the move adds to recent crypto merger and acquisition activity, with 0x acquiring Flood and Nakamoto Holdings going public via merger.
The deal positions Coinbase to support blockchain projects earlier in their development lifecycle, before tokens are launched or listed for trading. Fortune reports this puts Coinbase closer to competitors like Binance and OKX, which operate "launchpads" that help projects launch cryptocurrencies and generate revenue earlier in a token's lifecycle.
Aklil Ibssa, Coinbase's head of corporate development, told Fortune the acquisition gets Coinbase "one step closer to that end-to-end platform" for blockchain developers. Rather than collecting fees only after tokens are listed, Coinbase can now provide services throughout the entire token creation process.
Industry Implications
The Liquifi acquisition reflects broader consolidation trends in the cryptocurrency industry as companies seek to expand beyond pure trading services. Coin Push notes that Liquifi manages over $8.5 billion in digital assets and has processed more than $1.7 billion in transactions for 425,000+ stakeholders across 100+ crypto companies.
This move creates new competition for existing token management platforms and enterprise crypto service providers like Fireblocks and Anchorage. The integration potentially accelerates institutional adoption of digital assets as regulatory scrutiny increases globally and compliant token management becomes essential.
CEO Brian Armstrong previously told Bloomberg Television that Coinbase continues looking at acquisition opportunities, stating the company has "a large balance sheet that can be put to use." The acquisition spree suggests Coinbase is building comprehensive infrastructure to capture multiple revenue streams as the crypto market matures beyond simple spot trading.
Further Reading
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