Coinbase has announced the acquisition of Liquifi, a leading token management platform serving a number of key industry players, including Uniswap Foundation, OP Labs, Ethena, and Zora. This deal marks the fourth for the cryptocurrency exchange since the beginning of 2025, with financial details remaining undisclosed.
This is reported by Finway
Strategic Expansion of Coinbase’s Capabilities
The new acquisition allows Coinbase to significantly enhance its functionality in the field of tokenization. Liquifi specializes in automating the distribution of tokens after the vesting period, managing ownership stakes, and providing automatic tax withholding calculations. The platform positions itself as the cryptocurrency equivalent of Carta—a popular tool for managing private equity in the traditional financial sector.
Since the last investment round in 2022, when Liquifi raised $5 million led by Dragonfly with participation from Katie Haun and Balaji Srinivasan, the company has consistently grown its client base among leading Web3 projects.
Impact of the Deal and Market Competition
In 2025, Coinbase has already made several significant acquisitions, including Spindl (innovations in on-chain advertising), the Iron Fish team (a privacy-focused blockchain), and Deribit (a leading cryptocurrency derivatives platform acquired for $2.9 billion—this is a record acquisition in the industry).
“We are fully committed to Liquifi and completely on their side,” said Coinbase’s Director of Corporate Development, Aklil Ibssa, in a comment to Fortune.
According to Ibssa, a thorough due diligence process was conducted before finalizing the deal, and even in challenging regulatory conditions, the company had previously considered acquiring Liquifi. Now, against the backdrop of the pro-cryptocurrency policies of U.S. President Donald Trump’s administration, Coinbase can act even more ambitiously, Ibssa noted.
Liquifi will help Coinbase create a comprehensive ecosystem for crypto projects: from token creation to listing, allowing it to compete with the launchpad models of Binance and OKX, which profit even before tokens hit the market.
It is worth noting that in December 2024, Liquifi’s competitor, Toku, filed a lawsuit accusing the startup of colluding with a former employee and stealing confidential information. Liquifi denied these allegations, and Coinbase supported the company in this situation.
Other market participants have also become more active: Stripe recently acquired the startup Bridge for $1.1 billion, as well as the crypto wallet Privy in June of this year.
Earlier, Coinbase obtained a license to provide services under the EU regulation on crypto-asset markets (MiCA), further strengthening the exchange’s position in the global market.