coin-img-ETHETH-1.50%coin-img-BTCBTC-1.37%coin-img-SOLSOL-3.74%coin-img-XRPXRP-4.71%coin-img-ULTIMAULTIMA+2.83%coin-img-USDCUSDC-0.01%coin-img-DOGEDOGE-3.35%coin-img-TONCOINTONCOIN-0.07%coin-img-ETHETH-1.50%coin-img-BTCBTC-1.37%coin-img-SOLSOL-3.74%coin-img-XRPXRP-4.71%coin-img-ULTIMAULTIMA+2.83%coin-img-USDCUSDC-0.01%coin-img-DOGEDOGE-3.35%coin-img-TONCOINTONCOIN-0.07%coin-img-ETHETH-1.50%coin-img-BTCBTC-1.37%coin-img-SOLSOL-3.74%coin-img-XRPXRP-4.71%coin-img-ULTIMAULTIMA+2.83%coin-img-USDCUSDC-0.01%coin-img-DOGEDOGE-3.35%coin-img-TONCOINTONCOIN-0.07%coin-img-ETHETH-1.50%coin-img-BTCBTC-1.37%coin-img-SOLSOL-3.74%coin-img-XRPXRP-4.71%coin-img-ULTIMAULTIMA+2.83%coin-img-USDCUSDC-0.01%coin-img-DOGEDOGE-3.35%coin-img-TONCOINTONCOIN-0.07%
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Daniel Kuhn

Kraken acquires Magna token platform that reached $60 billion TVL in 2025

On Wednesday, crypto exchange Kraken said it purchased token management platform Magna, its sixth acquisition in the last 12 months. Magna, launched in 2021 and valued at $70 million in its most recent round, specializes in managing vesting schedules, airdrops and token allocations and reportedly reached a peak TVL of $60 billion in 2025.
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