Coinbase acquires token management company Liquifi

according to Fortune, Coinbase has acquired the token management platform Liquifi, with specific terms of the deal not yet disclosed.

It is reported that Liquifi's last funding round was in 2022 during the seed round, raising $5 million, led by the venture capital firm Dragonfly, with participation from Katie Haun and Balaji Srinivasan.

In addition, well-known cryptocurrency companies such as the Uniswap Foundation, OP Labs, Ethena, and Zora use the platform to track cryptocurrency holdings, distribute tokens after the vesting period, and manage complex tax withholding processes.