Coinbase has acquired Echo, an onchain platform that helps communities invest together and gives founders more options for their cap table.
With this acquisition, Coinbase will build a full-stack solution for crypto projects and investors, covering everything from launch to fundraising to secondary trading.
The deal will see builders get easier access to capital and community-aligned fundraising tools like Echo for private investment groups and Sonar for self-hosted public token sales. It will also give investors new and differentiated opportunities that were previously out of reach and a transparent and globally accessible capital market for the onchain economy.
Founded by Cobie, a crypto OG and long-time advocate for community-driven investing, Echo has pioneered tools that make fundraising more inclusive, transparent, and efficient.
The “why” is simple. We want to create more accessible, efficient, and transparent capital markets. But today, founders often struggle to raise capital and individual investors don’t have the opportunity to invest in private token sales.
Echo solves this by allowing projects to raise directly from their community, either through a private sale or by self-hosting a public token sale using Sonar. Integrating Echo’s tools will help us enable more direct community participation, joining projects with capital, entirely onchain. While we’ll start with crypto token sales via Sonar, we plan to expand support to tokenized securities and real-world assets over time, leveraging Echo’s infrastructure.
Echo has opened up private markets by helping projects raise $200M+ over ~300 completed deals since launch. Its new self-hosted public token sale product Sonar has also seen early success, helping power Plasma’s XPL token sale.
Echo complements our recent acquisition of Liquifi, which streamlines token creation and cap table management for early-stage teams. While Liquifi strengthened our ability to support builders at the start of their journey, Echo extends that support into fundraising. Combined with our existing strengths in exchange listings, custody, staking, trading, and financing, we’re now equipped to support token issuers and investors across the full lifecycle – from launch to fundraising to secondary markets.