.jpg)
Payward acquires Magna
19 February 2026 US
Image: bill2499/stock.adobe.com
Payward, Kraken’s unified financial infrastructure platform, has acquired Magna, a token management platform, in a bid to support Kraken’s expanded offering of early stage fundraising, growth, distribution, and long-term lifecycle management.
Magna supports onchain and offchain operations across multiple chains, and is anticipated to serve as an operational layer bringing tooling for vesting, white-label token claims, custody, and escrow workflows, according to Kraken.
Commenting on the acquisition, Payward and Kraken co-CEO, Arjun Sethi, says: “With Magna, we are investing in open, chain-aware infrastructure that engages builders earlier and connects fundraising, distribution, and liquidity into a single operating layer.”
Calvin Leyon, head of onchain at Kraken, believes that “by bringing Magna’s operational expertise and deep understanding of how token networks function day-to-day into Kraken, we’re expanding what it means to build, operate, and participate in open financial markets”.
Magna CEO Bruno Faviero adds: “Joining Kraken gives us the resources to support existing and new clients with institutional-grade infrastructure, deeper liquidity, and global distribution.”
According to the firms, Magna will continue to operate as a standalone platform while the teams focus on onboarding, security hardening, and foundational integrations.
Magna supports onchain and offchain operations across multiple chains, and is anticipated to serve as an operational layer bringing tooling for vesting, white-label token claims, custody, and escrow workflows, according to Kraken.
Commenting on the acquisition, Payward and Kraken co-CEO, Arjun Sethi, says: “With Magna, we are investing in open, chain-aware infrastructure that engages builders earlier and connects fundraising, distribution, and liquidity into a single operating layer.”
Calvin Leyon, head of onchain at Kraken, believes that “by bringing Magna’s operational expertise and deep understanding of how token networks function day-to-day into Kraken, we’re expanding what it means to build, operate, and participate in open financial markets”.
Magna CEO Bruno Faviero adds: “Joining Kraken gives us the resources to support existing and new clients with institutional-grade infrastructure, deeper liquidity, and global distribution.”
According to the firms, Magna will continue to operate as a standalone platform while the teams focus on onboarding, security hardening, and foundational integrations.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one digital assets news source this year, make sure it is your free subscription to The Digital Assets Edge
100% ON RETURNS If you invest in only one digital assets news source this year, make sure it is your free subscription to The Digital Assets Edge
