Kraken parent Payward acquires token manager Magna
The acquisition adds token lifecycle infrastructure to Kraken’s product suite as the company advances its IPO preparations.
Payward, the parent company of Kraken, announced the acquisition of token management platform Magna in a company blog post and related coverage [4][2].
Bankless described Magna as a Y Combinator–backed token vesting platform associated with roughly $60 billion in tokens and reported that Magna will continue to operate as a standalone platform ‘powered by Kraken’ following the acquisition [2][4].
Industry reporting said the deal brings token lifecycle and vesting infrastructure into Kraken’s growing product suite and represents another strategic acquisition as the firm moves toward an IPO [3][1].
Company statements and press coverage portray the purchase of Magna as a capability expansion for Kraken ahead of its public listing plans, combining token-management tools with the exchange’s existing services [4][3][1].
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Citations
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- 1Kraken acquires token manager Magna ahead of IPOCrypto Briefing• Feb 18, 2026
- 2Kraken Parent Company Acquires $60B Token Vesting Platform 'Magna'Bankless News, Research and Analysis• Feb 18, 2026
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- 4Payward acquires Magna, bringing deeper token lifecycle infrastructure to KrakenKraken Blog• Feb 18, 2026
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