Kraken Expands Capabilities with Magna Acquisition

Kraken, a leading cryptocurrency exchange, has made significant strides in expanding its services with the recent acquisition of Magna, a prominent token management platform.

Magna specializes in streamlining critical operations such as token vesting, claims, distributions, custody, escrow, and specialized staking across multiple blockchains. The platform has supported over 160 clients and achieved a peak total value locked of $60 billion in 2025.

The acquisition reflects Kraken's strategy to evolve beyond trading and into comprehensive token lifecycle management, providing institutional-grade tools that connect early-stage fundraising, growth phases, token distribution, and liquidity provision into a unified, open infrastructure.