The financial terms of the Liquifi deal remain undisclosed. According to Coinbase’s Head of Corporate Development, Aklil Ibssa, the company conducted a thorough due diligence process before finalizing the purchase. “We’re fully committed to Liquifi and stand firmly behind their mission,” Ibssa told Fortune.
Liquifi offers robust solutions for token distribution post-vesting, real-time cap table management, and automated tax withholding—positioning itself as the “Carta for crypto” in the Web3 space. Since its $5 million funding round led by Dragonfly in 2022 (with participation from Katie Haun and Balaji Srinivasan), Liquifi has built a client base of top Web3 projects.
The acquisition is a strategic move as Coinbase continues building an end-to-end platform, enabling crypto projects to manage the entire lifecycle—from token creation through exchange listing. This expansion directly challenges launchpad models from competitors like Binance and OKX, who profit before token market debuts.
Notably, in December 2024, competitor Toku filed a lawsuit against Liquifi, alleging collusion with a former employee and theft of confidential information—a claim Liquifi denied, with Coinbase publicly backing the startup.
“Token creation and cap table management are critical to crypto’s lifecycle. If we aim to onboard a billion users into Web3, this process must be streamlined and secure,” Ibssa explained.
While previous U.S. regulatory uncertainty under SEC Chair Gary Gensler cast doubt on such deals, Ibssa noted that the current pro-crypto administration under President Donald Trump enables Coinbase to move more boldly: “Regulatory clarity allows us to take bigger swings.”
The broader crypto M&A landscape remains active. In June, Stripe acquired startup Bridge for $1.1 billion and crypto wallet Privy, as major players position themselves for the next wave of adoption. Recently, Coinbase also secured a MiCA license in the EU, opening new opportunities for regulated growth across Europe.