Coinbase CEO Brian Armstrong has outlined an ambitious plan to cover every stage of a startup’s journey from incorporation to fundraising and moving to the blockchain in public trading.
Speaking on the TBPN podcast, Armstrong described his vision for an Onchain lifecycle where founders can incorporate their startups, raise seed rounds, receive immediate capital in the USDC (USDC) and eventually go public through tokenized equity.
“You can imagine this whole life cycle coming up,” he said.
Startups will no longer need banks or lawyers to handle global transfers, Armstrong said, because funding can be raised instantly through Onchain smart contracts. Once the capital arrives, founders can start generating revenue, accept crypto payments, access financing and even take their companies directly to Onchin.
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Raising Fundraising
Coinbase’s CEO noted that the fundraising process is currently “pretty amazing.” He advised Onchain Fundraising to make capital formation “more efficient, more fair, more transparent,” leveraging Coinbase’s recent acquisition of fundraising platform Echo.
Echo, now part of Coinbase, has already contributed more than $200 million to more than 200 projects. Armstrong said the company will initially operate independently but gradually integrate with Coinbase’s ecosystem, giving founders access to its half-trillion-dollar assets under custody and global investor base.
“If we can get a lot of builders who want to raise money and connect them with investors who have money, we’re the perfect platform to help accelerate that,” he said.
Coinbase is also working with US regulators to enable wider access to online fundraising. Armstrong contends that current accredited investor rules exclude many individuals from early-stage opportunities.
“In many ways the approved investor rules are kind of unfair,” he said. “We’re hoping we can find the right balance of consumer protection and also make it available to retail.”
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JPMORGAN COINBASE sees ppplue 34 billion pplurinity in base
Last week, JPMorgan Chase upgraded Coinbase to “overweight,” citing the large growth potential from its base network and a revised USDC rewards strategy.
Coinbase is “leaning” on its base layer-2 blockchain to get more value from the platform’s expansion, analysts said. He estimated that a potential base token launch could create a market opportunity of $12 billion to $34 billion, with a valuation between $4 billion and $12 billion.
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