COINBASE LAUNCHES PLATFORM FOR DIGITAL TOKEN OFFERINGS

Summary from the TLDR Crypto newsletter

Coinbase launched a token sales platform that offers retail investors access to digital assets before exchange listing, marking the first US public token offerings since the 2018 ICO crash that led to regulatory crackdowns and billions in losses. The platform will host monthly sales with algorithmic allocation during one-week windows, featuring anti-dumping mechanisms including reduced allocations for immediate sellers and six-month lockups for issuers and affiliates. Monad will debut next week as the first project. Coinbase has committed to list all tokens sold through the platform as part of its strategy to diversify beyond trading fees and build an "everything exchange" for blockchain-based financial services.