Magna

Kraken acquires tokenization platform Magna ahead of potential IPO

• 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 init

Kraken buys token vesting platform Magna, which hit peak TVL of $60 billion in 2025

• Kraken acquired the token management platform Magna, marking the exchange’s sixth acquisition over the past 12 months.