The crypto exchange's parent company acquired several platforms in 2025 while confidentially filing for an initial public offering with the SEC.
Payward, the parent company of the cryptocurrency exchange Kraken, has acquired the tokenization platform Magna, expanding its infrastructure.
Kraken said Wednesday the acquisition would allow Magna to operate “as a standalone platform, powered by” the crypto exchange. The company’s announcement said Kraken would use the platform for “onchain and off-chain vesting, white-label token claims, custody and escrow workflows, specialized staking functionality,” and other functions.
“Joining Kraken gives us the resources to support existing and new clients with institutional-grade infrastructure, deeper liquidity, and global distribution,” said Magna CEO Bruno Faviero.
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