$375M Move: Coinbase + Echo Expand On-chain Capital Formation
Hi FinTech Fanatic!
Coinbase has acquired Echo, a pioneering on-chain capital formation platform, in a $375 million deal, further solidifying its position at the center of the crypto innovation stack.
Echo enables projects to raise funds directly from their communities through private sales or public token offerings, utilizing its Sonar platform. With over $200 million raised across 300+ deals, Echo has proven its value in opening up early-stage investing to broader audiences.
The company has championed more inclusive, transparent, and efficient fundraising tools. Its mission aligns with Coinbase’s vision: to democratize access to investment opportunities once limited to insiders.
This acquisition helps solve a persistent problem: while builders struggle to raise capital, everyday investors are shut out of early-stage crypto deals. Echo’s on-chain-first tools create new pathways for both sides, giving founders flexible capital options and investors a seat at the table.
Looking ahead, Coinbase plans to expand Echo’s reach beyond token sales, eyeing tokenized securities and real-world assets.
With this step, the company strengthens its position as the go-to platform for builders and investors alike.
FinTech Fanatic, are you in NYC?
I’m writing this from the plane on my way to the Big Apple. I’ll be spending the next month in the US for Money20/20 and other FinTech-related stops around the country.
One of the things I enjoy most is meeting readers beyond the screen, and running. That’s why I’d love to see you in person at a Fintech Running Club event next Thursday, the 23rd.
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Hope to see you there!
Cheers,
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OPEN BANKING NEWS
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REGTECH NEWS
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PARTNERSHIPS
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DONEDEAL FUNDING NEWS
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M&A
🇺🇸 Coinbase acquires Echo. The acquisition supports Coinbase’s goal of building more accessible and efficient capital markets, with plans to expand Echo’s capabilities beyond crypto token sales to include tokenized securities and real-world assets. Echo allows projects to raise capital directly from their communities through private or public token sales using its Sonar tool.
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🇸🇪 TrueLayer to acquire Nordic FinTech competitor Zimpler. By acquiring Zimpler, TrueLayer will have more than 20 million users and a greater presence in key Nordic markets such as Sweden and Finland. Keep reading
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