Payward announced the acquisition of Magna on February 18, 2026, marking its sixth major deal within the past year. Magna remains a standalone platform under the Kraken umbrella, providing crypto-native teams with automated infrastructure for token vesting, claims, and operational workflows across multiple blockchains.
The acquisition verticalizes Kraken’s service offerings by connecting early-stage fundraising and distribution with the exchange’s existing liquidity and trading markets. Magna currently serves over 160 clients and reached a peak total value locked of $60 billion in 2025.
“If we do not build reliable lifecycle infrastructure, markets consolidate around whoever controls distribution and access,” says Arjun Sethi, Co-CEO of Payward and Kraken.
🧭 FAQs
• What specific services does Magna provide to the crypto industry? The platform automates token vesting, claims, and distribution workflows for decentralized project teams.
• Will Magna continue to operate as an independent platform? Yes, Magna continues to operate standalone while leveraging Kraken’s institutional-grade security and liquidity.
• Who is leading the unified Payward and Kraken organization? Arjun Sethi serves as the Co-CEO of the combined financial infrastructure platform.
• What is a key financial milestone achieved by Magna recently? The platform achieved a peak total value locked of $60 billion during 2025.
