Today, Magna is joining Payward, a unified financial infrastructure platform powering Kraken.
Over the past four years, we've built the token operations infrastructure that protocols rely on for their most critical workflows including employee vesting, investor token management, community airdrops to millions of wallets. We support tokens Ethereum, Solana, Aptos, and more, powering 160+ teams with $4B+ in live token value and $60B in peak TVL.
These teams partner with us because token operations are too important to get wrong. That principle has shaped everything we’ve built. With billions of dollars now secured on our infrastructure, founders and operators rest easy knowing their assets are safe.
We've always wanted to do more for the teams we serve. Our clients don't just need operations infrastructure, they need growth, liquidity, distribution, qualified custody, trading capabilities, and more. They need their tokens in the hands of more individuals and more institutions. They need a partner who can support them across the full token lifecycle, not just one piece of it, with robust infrastructure and reach. That's why we're joining Payward to become powered by Kraken.
Magna is staying Magna. The same team and product you know and love will continue to operate as one unit. We’re still building at full speed and, if anything, moving faster.
Why Kraken
Kraken brings qualified custody, a leading global exchange with 15M+ users, and regulatory infrastructure spanning 190+ countries. What excites us most is our shared focus on serving crypto teams and their communities across the full lifecycle.
Kraken custody integration alone is a major unlock. Teams often struggle with the gap between token operations and qualified custody, keeping vested tokens secured until unlock, running treasury operations with proper governance and audit trails, and settling fundraising directly into regulated infrastructure. By combining Magna’s operational layer with Kraken’s custody, we solve this at the infrastructure level instead of forcing teams to piece it together themselves.
Beyond custody, Kraken’s distribution, infrastructure and global reach will enable projects not just to launch, but to scale,supporting listings, liquidity, airdrops, staking, treasury operations, and long-term growth from formation through maturity.
What's Next
In the near term, we’re doubling down on product growth, scalability and leveraging Kraken’s global infrastructure.
In that light, this acquisition unlocks opportunities that simply weren’t possible before. Kraken’s regulated infrastructure, institutional capabilities, and reputation as one of the most secure exchanges in the world expand what we can offer our customers. Expect to see us shipping meaningful new capabilities in the quarters ahead. Not as a one-time acquisition headline, but as sustained proof that together, Magna and Kraken can deliver more than either could alone.
Celebrate With Us at ETHDenver
This is an exciting moment for Magna, and we'd love to celebrate it with you in Denver this week. Join us at the Backers & Builders on February 18th where we're teaming up with Kraken & Ink to bring together the people building, funding, and scaling real crypto businesses, or come to Friends of Magna Brunch on February 20th to hear more about the partnership and what's ahead.
Get in Touch
If you're a current customer, nothing changes today, except what's possible tomorrow.
If you're a protocol team evaluating infrastructure partners, we'd love to talk about where we're headed.
— The Magna Team
Have questions? Check out our FAQ page for more details about what this means for customers, partners, and the Magna platform.
