Kraken acquires tokenization platform Magna ahead of potential IPO
2.87%HYPE$28.60 2.62%DOGE$0.09856 2.50%SOL$81.78 3.97%ETH$1,970 1.18%BNB$607.41 1.80%LINK$8.67 2.40%XRP$1.42 3.65%TRX$0.2801 0.39%XMR$327.62 1.57%BTC$66,931 0.84%XLM$0.1618 2.57%BCH$557.15 1.02%USD Written by Turner Wright,Staff WriterReviewed by Robert Lakin,Staff EditorKraken acquires tokenization platform Magna ahead of potential IPO5 hours agoThe 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 cryptocurrency exchange Kraken, has acquired tokenization platform Magna, expanding the company’s 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 offchain vesting, white-label token claims, custody and
Source: https://cointelegraph.com/news/kraken-acquisition-magna-tokenization?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
