Coinbase Acquires Echo in $375 Million Move to Boost Onchain Fundraising

• Coinbase strengthens onchain fundraising with $375M Echo acquisition led by Cobie.
• Echo’s Sonar tool to merge with Coinbase, expanding access to community-driven funding.
• Coinbase plans to extend Echo’s tech to tokenized securities and real-world assets.

Coinbase has finalized the acquisition of Echo, an onchain fundraising startup founded by the crypto figure Cobie. The $375 million deal marks one of Coinbase’s most strategic steps toward building a broader fundraising infrastructure within the digital asset industry. The move extends Coinbase’s network to include decentralized capital formation, where startups can connect directly with their communities for funding.

The acquisition of Echo shows Coinbase’s growing focus on onchain fundraising as a central part of its long-term strategy. Echo’s platform enables startups to raise funds either privately or through community-based token sales using its signature product, Sonar. This system allows founders to manage fundraising directly onchain while maintaining transparency and control.

Since its launch, Echo has supported more than 300 fundraising campaigns, helping projects secure over $200 million from investors. Coinbase said the platform would continue to operate under its own brand as a standalone service. Still, integration between Echo’s Sonar product and Coinbase’s infrastructure will follow in the coming months.

Echo’s Role in Coinbase’s Full-Stack Fundraising Vision

Coinbase stated that Echo’s acquisition would help the company create a “full-stack” solution for onchain fundraising, aligning founders, investors, and users on one platform. The exchange stated that this structure will simplify how startups access capital while giving investors a more transparent entry into early-stage blockchain projects.

Cobie, the founder of Echo, noted that the deal opens new channels for collaboration between founders and investors. “Echo will remain a standalone platform under its current brand for now, but we will integrate Sonar’s public sale product into Coinbase, and likely introduce new ways for founders to access investors, and for investors to access opportunities into Coinbase itself,” Cobie said on X.

Coinbase Eyes Tokenized Securities and Real-World Assets

Coinbase indicated that the Echo acquisition would not be limited to onchain fundraising. The exchange intends to extend Echo’s technology to include tokenized securities and real-world assets, enabling broader access to new digital investment products. The move reinforces Coinbase’s ambition to merge blockchain-based capital formation with traditional financial assets.

This purchase follows Coinbase’s earlier acquisition of LiquiFi, a token management platform, as part of its ongoing strategy to strengthen its digital asset infrastructure. The exchange also invested $25 million in reviving Cobie’s UpOnly podcast, signaling a continued partnership between the two entities.