Echo is a platform that enables cryptocurrency projects to raise capital directly through the blockchain. The platform’s proprietary product, Sonar, allows both private and public token sales. Through this tool, projects can secure financial support from their communities or a broader investor base. Since its inception, Echo has helped projects raise over $200 million in capital.
This acquisition is part of Coinbase’s strategy to enter tokenized capital markets and expand investment opportunities on the blockchain. The integration of Echo’s Sonar platform into Coinbase’s system will facilitate token sales and aims to support tokenized securities and real-world assets in the future.
Initially, Echo will continue to operate as an independent platform. However, the integration of the Sonar product with Coinbase’s broader investment infrastructure is planned. This will provide project owners with access to a larger investor base and create new investment opportunities for individual investors.
Coinbase’s acquisition of Echo is intended to make investment and capital-raising processes in the cryptocurrency space more transparent and accessible. This move will open up new opportunities for both project owners and investors while accelerating the development of capital markets on the blockchain.
