In a delightful twist of fate that could only be scripted in the annals of modern finance, Payward, the illustrious progenitor of Kraken, has decided to take under its wing the token management platform known as Magna. This acquisition promises to bestow upon its financial suite an array of vesting and distribution tools so comprehensive they might just put Swiss Army knives to shame.
On the 18th of February, 2026, like a well-timed punchline in a comedy, Payward revealed this acquisition-its sixth major deal in a year that seems to have more plot twists than a Dostoevsky novel. Fear not, dear reader, for Magna will remain a standalone entity within the mighty Kraken family, akin to a quirky uncle at a family reunion, offering crypto-native teams a veritable smorgasbord of automated infrastructure for token vesting, claims, and operational workflows that dance across multiple blockchains.
This strategic maneuver aims to vertically integrate Kraken’s offerings, much like a well-stacked bookshelf, connecting the early-stage fundraising efforts with the exchange’s existing liquidity and trading markets. With over 160 clients gracing its roster and a staggering peak total value locked of $60 billion achieved in 2025, Magna is not just a wallflower at the crypto ball.
“If we do not build reliable lifecycle infrastructure, markets consolidate around whoever controls distribution and access,” says Arjun Sethi, Co-CEO of both Payward and Kraken, possibly while sipping an espresso and contemplating the mysteries of existence.
🧭 FAQs
• What specific services does Magna provide to the crypto industry? The platform automates token vesting, claims, and distribution workflows for decentralized project teams, which sounds remarkably efficient, doesn’t it?
• Will Magna continue to operate as an independent platform? Yes, indeed! Magna will march on as an independent platform, all while basking in the glow of Kraken’s institutional-grade security and liquidity.
• Who is leading the unified Payward and Kraken organization? Arjun Sethi serves as the Co-CEO of this newly minted financial infrastructure platform, perhaps dreaming of world domination in his spare time.
• What is a key financial milestone achieved by Magna recently? The platform achieved a peak total value locked of $60 billion during 2025, which is quite the number to brag about at parties!
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2026-02-19 14:17