Coinbase has acquired Liquifi, a token management platform known for supporting early-stage tokenization projects. This move marks Coinbase’s fourth acquisition in 2025, reinforcing its aggressive push into onchain infrastructure. Liquifi, launched in 2021, has worked with top names like Uniswap, Optimism, Ethena, and Zora.

The acquisition aims to simplify the token launch process for developers by integrating Liquifi’s tools for cap table management, vesting schedules, and compliance. Greg Tusar, Coinbase’s VP of institutional product, stated the goal is to remove barriers that make launching tokens complex, such as legal, tax, and regulatory issues. Coinbase believes this move will help creators get started earlier, faster, and more globally—mirroring the ease of launching traditional startup equity.

Coinbase plans to integrate Liquifi’s capabilities into Coinbase Prime, its institutional brokerage platform. This means onchain builders will soon access token management, custody, trading, and financing under one roof. The unified service is expected to reduce risk and increase scalability for token issuers.

This acquisition follows Coinbase’s $2.9 billion purchase of Deribit in May, a major crypto derivatives exchange. It also recently acquired Spindl, an onchain ad platform, and the team behind Iron Fish, a privacy-focused crypto project.

Liquifi announced the acquisition on X, saying, “This is just the beginning. With Coinbase’s resources, we’re building the institutional-grade token infrastructure the industry deserves.”

With Liquifi now under its wing, Coinbase is positioning itself as the go-to partner for Web3 builders looking to launch, scale, and succeed in the rapidly evolving crypto economy.