Kraken, Binili ang Magna para sa Token Management Integration

Kraken parent company Payward acquired token management platform Magna, adding stablecoin infrastructure as the exchange pushes toward a planned public offering.

Magna will operate as a standalone platform under Kraken, giving the exchange token and stablecoin management capabilities it can integrate across its products. Kraken Head of Onchain Calvin Leyon said the acquisition accelerates Kraken's evolution into a platform where issuers, builders, and investors can rely on institutional-grade infrastructure from inception through scale. The deal announcement came via Twitter on February 18.

Kraken made five other acquisitions in 2025, including a ₱86.91 billion ($1.5 billion) purchase of NinjaTrade futures trading platform. Co-CEO Arjun Sethi told DL News in September that Kraken had more deals lined up ahead of its IPO, with a goal to become the largest crypto platform in the world. Sethi said Kraken wouldn't have a spray and pray strategy but would pick up companies that fit its roadmap.

Kraken also owns proprietary trading firm Breakout and tokenized assets platform Backed Finance as part of what it calls a fully verticalized product suite. The exchange launched its Embed white-label trading platform in April 2025 with European digital bank Bunq as its first client, then rolled out Krak peer-to-peer payments app supporting over 300 assets across 160 countries in June. Magna CEO Bruno Faviero said joining Kraken gives his company resources to support clients with institutional-grade infrastructure, deeper liquidity, and global distribution.

Crypto M&A deals are expected to smash the ₱2.14 trillion ($37 billion) record set in 2025, according to crypto M&A advisory firm Areta. The exchange secured a license under the EU's Markets in Crypto-Assets Regulation from the Central Bank of Ireland in June 2025.