Workflow
Crypto tokens
icon
Search documents
Coinbase acquires investment platform Echo in $375 million deal
Fastcompany· 2025-10-21 19:40
Core Insights - Coinbase has acquired investment platform Echo for nearly $375 million in a cash-and-stock deal, aiming to enhance fundraising tools on its platform [2][3] - The digital assets industry is experiencing increased deal-making activity, supported by a crypto-friendly administration in the U.S. [2] - Echo's platform facilitates capital raising and investment for the crypto community through private and public token sales [3][4] Company Developments - Coinbase plans to initially focus on crypto token sales via Echo's Sonar platform, with future plans to support tokenized securities and real-world assets [4] - Echo, founded by crypto trader Jordan Fish (known as "Cobie"), has assisted crypto projects in raising over $200 million since its inception two years ago [4] - In May, Coinbase completed a $2.9 billion acquisition of crypto options provider Deribit, enhancing its derivatives portfolio and international presence [5] Industry Trends - The acquisition of Echo aligns with a broader trend of increasing mergers and acquisitions within the cryptocurrency sector as companies seek to expand their offerings [2][3] - Kraken's recent $100 million acquisition of Small Exchange indicates a growing interest in establishing U.S.-based derivatives platforms [3]
Great Estate Blockchain (OTC: VAYK) to Launch Solution Unlocking $1 Trillion Dormant Asset
Prism Media Wire· 2025-10-17 13:08
Core Viewpoint - Great Estate Blockchain, Inc. has launched a platform aimed at unlocking and monetizing the intangible value of historic landmarks, which are estimated to be worth over $1 trillion [3][4]. Group 1: Company Overview - The company, formerly known as Vaycaychella, Inc., has completed its name change and is focusing on historic landmarks as a new business model [3][4]. - Great Estate Blockchain is developing solutions that integrate a cryptocurrency token strategy with a short-term rental business model to capitalize on the intangible value of historic properties [5][6]. Group 2: Market Potential - There are approximately 1.5 million properties listed as historic landmarks on the National Register, with potentially ten times more on state and local registers, each having an intangible value that could range from tens of thousands to a few million dollars [4]. - If the average intangible value of a historic landmark is around $100,000, the total potential value of these assets could reach hundreds of billions, possibly up to $1 trillion [4]. Group 3: Business Strategy - The company aims to monetize cultural value without compromising commercial value by combining cryptocurrency strategies with short-term rental operations, such as Airbnb [6]. - Each Airbnb guest is viewed as a potential buyer of the company's crypto tokens, while token holders are seen as potential clients for the Airbnb service [6]. Group 4: Future Developments - Although the company faces capital resource limitations, it has launched a new website and may begin pre-orders for its pilot crypto tokens in the near future [7].