As it gets ready for a potential public offering, Kraken has strengthened its infrastructure capabilities by acquiring tokenisation platform Magna.
According to Kraken, Magna will keep running as a stand-alone platform while taking advantage of its worldwide distribution channels and liquidity network.
The acquisition expands Kraken’s functionality across token vesting management, white-label token claims, custody workflows, escrow services and specialized staking infrastructure.
More than 160 clients are served by Magna, which claimed a top total value locked of $60 billion in 2025. In addition to compliance protocols and distribution tools for projects issuing blockchain-based tokens, the platform focuses on tokenised asset lifecycle management.
Kraken can access a wider range of services that facilitate institutional token issuance and treasury management by integrating Magna.
After a number of acquisitions in the areas of algorithmic strategy platforms, proprietary trading infrastructure and derivatives trading, the agreement is Kraken’s most recent expansion move.
These expenditures show a calculated attempt to bolster institutional offerings and diversify sources of income.
The U.S. government has received a classified initial public offering (IPO) filing from Kraken. The company’s 2025 adjusted revenues of $2.2 billion showed steady growth in spite of market volatility.
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