Payward, the parent company of Kraken, has acquired token management platform Magna to integrate comprehensive vesting and distribution tools into its financial suite.

Payward announced the acquisition of Magna on February 18, 2026, marking its sixth major deal within the past year. Magna remains a standalone platform under the Kraken umbrella, providing crypto-native teams with automated infrastructure for token vesting, claims, and operational workflows across multiple blockchains.

The acquisition verticalizes Kraken’s service offerings by connecting early-stage fundraising and distribution with the exchange’s existing liquidity and trading markets. Magna currently serves over 160 clients and reached a peak total value locked of $60 billion in 2025.

“If we do not build reliable lifecycle infrastructure, markets consolidate around whoever controls distribution and access,” says Arjun Sethi, Co-CEO of Payward and Kraken.

🧭 FAQs

• What specific services does Magna provide to the crypto industry? The platform automates token vesting, claims, and distribution workflows for decentralized project teams.

• Will Magna continue to operate as an independent platform? Yes, Magna continues to operate standalone while leveraging Kraken’s institutional-grade security and liquidity.

• Who is leading the unified Payward and Kraken organization? Arjun Sethi serves as the Co-CEO of the combined financial infrastructure platform.

• What is a key financial milestone achieved by Magna recently? The platform achieved a peak total value locked of $60 billion during 2025.

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