Magna
One-stop token management and distribution platform
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About Magna
Magna is a digital asset management platform that helps crypto projects handle token distribution. Its core services include managing vesting schedules, executing airdrops, and facilitating direct transfers. The platform supports both on-chain and off-chain workflows, allowing admins to automate complex distribution processes while maintaining control over custody and compliance.
Its main value proposition is replacing manual, error-prone token management with a unified, automated system. The platform integrates with major custody solutions like Fireblocks and Safe, offers customizable claim pages, and provides tools for tax withholding and HR system integration. This is particularly useful for projects dealing with investors, employees, and community members who need different unlock schedules and legal requirements.
The key pain point Magna addresses is the operational burden of managing token distributions across multiple stakeholders. Without such a platform, teams often rely on spreadsheets and manual transactions, which are inefficient and risky. Magna streamlines this by providing a single dashboard to track, schedule, and execute distributions, while also offering features like geofencing and claim-to-CEX options.
In the past six months (March to September 2026), Magna has continued to expand its platform capabilities. While specific product updates were not detailed in the available information, the company has been actively serving over 160 clients and managing significant total value locked. The platform remains focused on improving automation and integration with the broader crypto ecosystem, including staking and NFT minting post-claim functionalities.
Magna, a token distribution platform incubated in Y Combinator's Winter 2022 batch, closed a $15M seed round at a $70M valuation led by Tiger Global and Tusk Ventures, with participation from Circle Ventures, Solana Ventures, and Galaxy Labs. It became the largest token-locking platform, serving 160+ clients including Aptos, Wormhole, Optimism, and Magic Eden, with peak TVL of $60B in 2025. In February 2026, Kraken's parent Payward acquired Magna, integrating it into Kraken 360 to cover the full token lifecycle from issuance to distribution, marking a strategic move ahead of Kraken's IPO.
In the past six months, Magna has continued to operate as a standalone platform since joining Kraken/Payward, serving as the operational layer within Kraken 360. During the period, it integrated the RootData API to expand business-development leads (). Official priorities center on security hardening and deeper Kraken infrastructure integration: streamlined token operations with Kraken custody; treasury services spanning yield, on-ramps, prime brokerage, custody and OTC; and growth/distribution via the exchange ecosystem. The stated roadmap includes Magna Fundraising, Magna Treasury, and cross-chain MPC custody vaults, aiming to cover the full token lifecycle from fundraising, vesting and airdrops through custody, staking and long-term treasury management (, ).
Bruno Faviero is co-founder and CEO of Magna. LinkedIn: https://www.linkedin.com/in/faviero/ Twitter: https://x.com/bfaviero