<\/p>\n
Coinbase CEO Brian Armstrong has outlined an ambitious plan to move every stage of a startup\u2019s journey, from incorporation to fundraising and public trading, onto the blockchain. <\/p>\n
Speaking on the TBPN podcast, Armstrong described<\/a> his vision for an onchain lifecycle where founders could incorporate their startups, raise seed rounds, receive instant capital in USDC (USDC<\/a>) and eventually go public through tokenized equity. <\/p>\n \u201cYou can imagine this whole life cycle coming onchain,\u201d he said, adding that such a shift could \u201cincrease the number of companies who go raise capital and get started out there in the world.\u201d<\/p>\n Armstrong said startups will no longer need banks or lawyers to handle global transfers, as funding can be raised instantly through onchain smart contracts. Once capital arrives, founders can start generating revenue, accept crypto payments, access financing and even take their companies public directly onchain.<\/p>\n Related:\u00a0<\/strong><\/em>Coinbase CEO reveals \u2018private transactions\u2019 are coming to Base<\/strong><\/em><\/a><\/p>\n The Coinbase CEO noted that fundraising process is currently \u201cpretty onerous.\u201d He suggested onchain fundraising to make capital formation \u201cmore efficient, more fair, more transparent,\u201d leveraging Coinbase\u2019s recent acquisition<\/a> of fundraising platform Echo.<\/p>\n Echo, now part of Coinbase, has already helped more than 200 projects raise over $200 million. Armstrong said the company will initially operate independently but will gradually integrate with Coinbase\u2019s ecosystem, giving founders access to its half-trillion dollars in custody assets and a global investor base. <\/p>\n \u201cIf we can have great builders come in who want to raise money and connect them with investors who have the money, we\u2019re the perfect platform to help accelerate this,\u201d he said.<\/p>\n Coinbase is also working with US regulators to enable broader access to onchain fundraising. Armstrong claimed that current accredited investor rules exclude many individuals from early-stage opportunities. <\/p>\n \u201cIn many ways the accredited investor rules are kind of unfair,\u201d he said. \u201cWe\u2019re hoping that we can find the right balance of consumer protection and also making these available to retail.\u201d<\/p>\n Related:\u00a0<\/strong><\/em>Coinbase splashes $25M to revive a podcast from the last bull run<\/strong><\/em><\/a><\/p>\nBringing fundraising onchain<\/h2>\n
JPMorgan sees $34 billion ppportunity in Coinbase\u2019s Base <\/h2>\n