Kraken Parent Acquires Token Management Company Ahead of Planned IPO Push

Kraken parent acquires token management company ahead of planned IPO push

The deal adds token lifecycle infrastructure to Kraken’s growing product suite.

Kraken acquires token manager Magna as crypto exchange prepares for IPO

Over the past year, Kraken has struck deals for five other companies, including a blockbuster $1.5 billion deal for the futures platform NinjaTrader.

Kraken Acquires Magna as $60B Peak TVL Boosts Expansion Spree

Kraken has acquired a token management platform, Magna, as it ramps up its deal-making pace. The company announced the acquisition on Wednesday. The acquisition is the latest in a series of deals that seek to expand the company’s infrastructure as it faces stiff competition in the digital asset market. The company did not disclose the acquisition terms. However, data from PitchBook shows that the company raised $70 million in its last funding ro…

Kraken Acquires Tokenization Platform Magna Ahead of Potential IPO

The crypto exchange's latest acquisition, whose terms were not disclosed, followed a series of purchases for trading platforms and infrastructure expansion in 2025.

Kraken Parent Payward Buys Magna to Bolster Token Infrastructure Ahead of Planned IPO

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 acq…

Kraken acquires token manager Magna ahead of IPO

Kraken's strategic acquisitions enhance its market position and innovation capacity, potentially boosting investor confidence ahead of its IPO. The post Kraken acquires token manager Magna ahead of IPO appeared first on Crypto Briefing.