Overview
Company Does Not Provide H-1B Sponsorship
Magna operates in the decentralized finance (DeFi) space, turning DeFi investments into usable financial building blocks. Its main product, Carta for Web3, helps companies manage cap tables and distribute token equity to employees, advisors, and investors. Magna is also building crypto-native tools designed for fund managers. The company earns revenue through subscription fees and service charges by offering essential financial management tools for Web3 companies and crypto funds. Compared to competitors, Magna combines traditional equity management with token-based equity and specialized tools for crypto fund management, all tailored to Web3 workflows. The goal is to provide practical, ready-to-use financial management capabilities for Web3 companies and fund managers, making it easier to run tokenized businesses and investment operations.
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Simplify's take
What believers are saying
- Kraken said Magna reached a $60 billion peak TVL in 2025.
- Magna integrates RootData in 2026, improving BD lead generation and funnel expansion.
- Kraken's custody, staking, and liquidity bundle gives Magna distribution beyond SaaS sales.
What critics are saying
- Coinbase Token Manager, formerly Liquifi, now attacks Magna's core buyer with Prime integration.
- Kraken's post-acquisition roadmap prioritizes security hardening before migrations, slowing product momentum.
- If Kraken shifts Magna inside its IPO stack, standalone brand relevance disappears by 2027.
What makes Magna unique
- Kraken powered Magna on February 18, 2026, tying vesting to exchange liquidity.
- Magna handles onchain and offchain vesting across multiple chains for 160 clients.
- Its white-label claims and escrow workflows fit token issuers from TGE through treasury operations.
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