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Acquired

Magna — Acquired

Magna was acquired by Kraken

Payward acquired Magna on February 18, 2026. The token ops platform kept running, powered by Kraken.

Successor: Kraken

Founded 2021

Kraken’s parent buys Magna

Payward folded the token vesting platform into its Kraken stack.

On February 18, 2026, Payward announced it had acquired Magna, the token vesting and distribution platform.

Magna said it would keep operating as a standalone product powered by Kraken, with teams focused on integrations rather than shutting the brand down.

Sources

About Magna

Magna is a Web3 infrastructure company offering token management software for founders, protocols, and investors. Its platform enables on-chain and off-chain token vesting, custody, airdrops, grants, staking, and distribution automation.

Magna — frequently asked questions

Is Magna still hiring?

No. Kraken acquired Magna in February 18, 2026, and Magna is not listing jobs on its own.

Who acquired Magna?

Payward acquired Magna on February 18, 2026. The token ops platform kept running, powered by Kraken.

Where can I find Magna jobs now?

Look at Kraken. Magna is not hiring as a standalone company.

When was Magna founded?

Magna was founded in 2021.