Kraken completed the acquisition of Magna.

Kraken, a fintech company, completed the acquisition of Magna, a token management platform. Financial terms were not disclosed. "If we do not build reliable lifecycle infrastructure, markets consolidate around whoever controls distribution and access. With Magna, we are investing in open, chain-aware infrastructure that engages builders earlier and connects fundraising, distribution, and liquidity into a single operating layer," Arjun Sethi, Kraken Co-CEO.