Coinbase has acquired Echo, an onchain capital raising platform founded by Cobie, for about US$375 million.

Echo enables cryptocurrency projects to raise funds directly from their communities through private or public token sales and has facilitated over US$200 million in fundraising across around 300 deals since launch.

The acquisition aims to expand Coinbase’s offerings in onchain capital formation and support more direct community participation in fundraising.

Coinbase said it plans to integrate Echo’s tools to support token sales and eventually expand to tokenized securities and real-world assets.

The deal follows its recent purchase of Liquifi, which provides token creation and cap table management tools for early-stage crypto teams.