Payward Acquires Magna to Expand Kraken Token Lifecycle Infrastructure Services

Payward, the parent company of Kraken, has acquired token management platform Magna to integrate comprehensive vesting and distribution tools into its financial suite. Payward announced the acquisition of Magna on February 18, 2026, marking its sixth major deal within the past year. Magna remains a standalone platform under the Kraken umbrella, providing crypto-native teams with […]