TL;DR
- Payward, the platform behind Kraken, acquired Magna to add token lifecycle management infrastructure.
- Magna provides tools for onchain and offchain vesting, white-label token claims, distributions, custody, escrow, and staking across multiple chains.
- The integration aims to connect fundraising, distribution, and liquidity within a single operational structure.
Payward, the financial infrastructure platform behind Kraken, announced the acquisition of Magna, a platform specialized in token lifecycle management. The terms of the transaction were not disclosed. Magna will continue operating as an independent platform while both teams move forward with integration processes, security enhancements, and operational coordination.
The acquisition will add a dedicated layer focused on comprehensive token lifecycle management within Kraken. The strategy includes a verticalized suite covering early-stage fundraising, project growth, distribution, and long-term administration.
The platform is used by crypto teams to manage onchain and offchain vesting, white-label token claims, scheduled distributions, and operational workflows tied to issuance. The platform also includes custody tools, escrow processes, and specialized staking functionality. Its infrastructure operates across multiple chains and supports both onchain and offchain operations.
Magna Reached $60 Billion in TVL
The company has worked with more than 160 clients and recorded a peak of $60 billion in Total Value Locked in 2025. The platform has been used by teams managing billions of dollars in active token ecosystems.
The integration is positioned as an operational layer within the broader infrastructure of Payward and Kraken. The objective is to connect fundraising, distribution, and liquidity within a single operating structure while maintaining compatibility with multiple chains and custody configurations.
In later phases, Magna’s products will be aligned with Kraken’s roadmap to support token fundraising, issuance, and global distribution processes. The structure will preserve flexibility for teams operating across different technical environments.
Magna will remain available to its current customers and will continue supporting existing integrations and workflows as new integrations within the Kraken ecosystem move forward.
