TLDR
- Kraken acquires Magna, a token vesting platform from 2021.
- Magna reached $60 billion in total value locked in 2025.
- Terms of the acquisition were not disclosed by Kraken.
- This is Kraken’s sixth acquisition in the past 12 months.
Crypto exchange Kraken has acquired the token management platform Magna, the company announced Wednesday. Magna, launched in 2021, supports token vesting, airdrops, and distribution tracking for firms. This marks Kraken’s sixth acquisition over the last year, following the $1.5 billion purchase of U.S. futures platform NinjaTrader.
Magna’s Role in Token Management
Magna helps companies manage complex token schedules across multiple blockchains.
The platform operates both onchain and offchain, offering white-label token claims, custody, and escrow workflows.
Kraken Acquires Token Manager Magna → IPO Getting Closer!@krakenfx Just Acquired Magna, a "Carta for Web3" Token Management Platform.
This is their 6th Acquisition in 12 Months as they Build A Full-Stack Crypto Ecosystem before their IPO.
Targeting $15B Valuation, Could be… pic.twitter.com/NkPfVaUxtZ
— Crypto Patel (@CryptoPatel) February 18, 2026
According to Kraken, “Magna has already become a core piece of infrastructure for teams managing billions in active token ecosystems.”NThe startup was valued at $70 million in its last funding round, according to Pitchbook data Magna reportedly reached a peak total value locked (TVL) of $60 billion in 2025, showing strong adoption.
Industry Activity and Competition
Kraken is not the only crypto firm investing in token lifecycle platforms.
Anchorage Digital acquired Hedgey for token allocations and vesting management in December, while Coinbase bought Liquifi last summer.
The acquisitions show growing interest in tools that streamline fundraising, distribution, and staking. Kraken’s move aligns with its broader strategy to integrate operational infrastructure into its platform.
Kraken’s Financial Growth
Kraken’s parent company, Payward, reported $2.2 billion in adjusted revenue for 2025, a 33% increase from 2024. Co-CEO Arjun Sethi partly attributed revenue growth to acquisitions like NinjaTrader and Breakout, along with the launch of the Krak app.
Sethi added, “With Magna, we are investing in open, chain aware infrastructure that engages builders early and connects fundraising, distribution, and liquidity.” The acquisition is expected to support Kraken’s planned initial public offering and expansion into derivatives trading in Europe and the UK.
Strategic Outlook
Kraken aims to provide a unified layer for token lifecycle management across chains.
The acquisition positions the company to offer a full range of services from token creation to staking and custody.
Terms of the Magna deal were not disclosed, but the acquisition is considered a strategic step for Kraken’s broader ecosystem development.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
