• Kraken acquires tokenization platform Magna ahead of potential IPO The crypto exchange’s parent company acquired several platforms in 2025 while confidentially filing for an initial public offering with the SEC. • Cointelegraph in your social feed Payward, the parent company of cryptocurrency exchange Kraken, has acquired tokenization platform Magna, expanding the company’s infrastructure. • KrakensaidWednesday the acquisition would allow Magna to operate “as a standalone platform, powered by” the crypto exchange. • The company’s announcement said Kraken would use the platform for “onchain and offchain vesting, white-label token claims, custody and escrow workflows, specialized staking functionality” and other functions. • “Joining Kraken gives us the resources to support existing and new clients with institutional-grade infrastructure, deeper liquidity, and global distribution,” said Magna CEO Bruno Faviero. • According to Kraken, Magna serves more than 160 clients with a peak total value locked of $60 billion in 2025.
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