Press Release
Greenberg Glusker Advises Echo Founders in $375 Million Acquisition by Coinbase
Los Angeles—Greenberg Glusker is pleased to announce that it advised the founders of Echo, a leading crypto investment platform, in connection with U.S. tax and employment Law considerations related to Echo's sale to Coinbase Global Inc. (NASDAQ: COIN).
Coinbase acquired Echo in a $375 million cash-and-stock transaction, expanding its footprint in the private digital-asset markets. Echo's proprietary Sonar platform enables early-stage crypto companies to raise capital through self-hosted public and private token sales—helping projects raise over $200 million to date. Coinbase plans to leverage Echo’s infrastructure as part of a broader strategy to offer a full-stack solution for tokenized projects, from development and fundraising to listings and custody.
“Our team was pleased to assist the Echo founders in navigating complex U.S. tax and employment law considerations throughout this milestone transaction,” said Thomas Giordano-Lascari, Partner in the firm’s Private Client Services Group. “This deal underscores the increasing convergence of digital assets and traditional regulatory frameworks—an area where Greenberg Glusker continues to provide forward-looking counsel.”
The Greenberg Glusker team advising on the transaction included Thomas Giordano-Lascari, with support from Partners Lisa Von Eschen (Employment) and Daniel Cousineau (Corporate).
