We’re excited to announce that Payward, our unified monetary infrastructure platform powering Kraken, has acquired Magna. Magna is the main token administration platform utilized by crypto-native groups to handle vesting, claims, distributions, and associated operational workflows. Phrases of the transaction is not going to be disclosed.
The acquisition marks a major step in our enlargement past buying and selling infrastructure into a totally verticalized product suite supporting early stage fundraising, development, distribution, and long-term lifecycle administration.
Magna has already develop into a core piece of infrastructure for groups managing billions of {dollars} in energetic token ecosystems, supporting each onchain and offchain operations throughout a number of chains.
It’s anticipated to function an operational layer inside our broader imaginative and prescient, bringing established tooling for onchain and offchain vesting, white-label token claims, custody and escrow workflows, specialised staking performance and extra. Magna will proceed to function as a standalone platform, whereas the 2 groups give attention to onboarding, safety hardening, and foundational integrations.
Payward and Kraken Co-CEO Arjun Sethi: “If we don’t construct dependable lifecycle infrastructure, markets consolidate round whoever controls distribution and entry. With Magna, we’re investing in open, chain-aware infrastructure that engages builders earlier and connects fundraising, distribution, and liquidity right into a single working layer.”
“The aim is easy. Assist initiatives transfer from thought to execution with readability and measurable outcomes, with out locking them into one stack.”
Kraken Head of Onchain Calvin Leyon: “For greater than a decade, Kraken has been constructing the trusted market infrastructure that powers the crypto financial system. As digital belongings evolve from a brand new asset class right into a foundational layer of the web financial system, the chance is to increase that belief past buying and selling and into the total lifecycle of tokens and networks.”
“This acquisition accelerates Kraken’s evolution right into a platform the place issuers, builders, and traders can depend on institutional-grade infrastructure from inception by way of scale. By bringing Magna’s operational experience and deep understanding of how token networks operate day-to-day into Kraken, we’re increasing what it means to construct, function, and take part in open monetary markets.”
Magna CEO Bruno Faviero: “Magna was constructed to make token operations safer, easier, and extra compliant at scale. Over the previous 4 years now we have grown into the most important token vesting platform, serving over 160 purchasers with a peak Whole Worth Locked of $60B in 2025. Magna has develop into a trusted associate that groups flip to after they’re preparing for essentially the most crucial moments round their TGE and for investor, crew, and group administration.”
“Becoming a member of Kraken provides us the sources to assist present and new purchasers with institutional-grade infrastructure, deeper liquidity, and international distribution. I couldn’t be extra enthusiastic about our shared imaginative and prescient to assist token ecosystems and the builders behind them throughout formation, launch, and development.”
Later phases will align Magna’s merchandise extra immediately with our broader roadmap to assist token fundraising, issuance workflows, and distribution at international scale, whereas preserving flexibility for groups working throughout a number of chains and custody setups.
Magna will stay accessible to prospects in the present day and can proceed to assist present integrations and workflows. We are going to share extra updates as product integrations advance.