Payward, the parent company of Kraken, has acquired token management platform Magna to integrate comprehensive vesting and distribution tools into its financial suite.
“If we do not build reliable lifecycle infrastructure, markets consolidate around whoever controls distribution and access,” says Arjun Sethi, Co-CEO of Payward and Kraken.
🧭 FAQs• Who is leading the unified Payward and Kraken organization? Arjun Sethi serves as the Co-CEO of the combined financial infrastructure platform.
• What is a key financial milestone achieved by Magna recently? The platform achieved a peak total value locked of $60 billion during 2025.
