Full-Time
Posted on 2/28/2025
Web3 cap table and token equity management
$150k - $210k/yr
Company Does Not Provide H1B Sponsorship
New York, NY, USA
Hybrid
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.
Company Size
11-50
Company Stage
Seed
Total Funding
$15.3M
Headquarters
New York City, New York
Founded
2022
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Health Insurance
Unlimited Paid Time Off
Home Office Stipend
Company Equity
Kraken's token management platform Magna integrates RootData to uncover more BD leads. 2026-03-13 05:45:47 The token management platform Magna under Kraken has now integrated the RootData API to discover more BD leads in a rich project database, thereby enriching product application scenarios. Magna is a token management platform that allows various crypto projects to more easily airdrop, stream, and distribute tokens to teams, investors, and communities according to a customized unlocking schedule. Magna raised $15 million in funding led by Tiger Global in 2022 and was acquired by Kraken exchange this year. Risk warning Related reading Related tags Financing information. | project | Amount | time | | Pharos Network | $ 24.74 M | 03-14 | | MetaComp | $ 13 M | 03-13 | | Eightco Holdings, Inc. $ 125 M | 03-13 | | PERPTools | $ 3 M | 03-12 | | VeryAI | $ 10 M | 03-12 | | Cryptio | $ 45 M | 03-12 | Apply column Get the instant and heavyweight news of Web3 at the first time!
Sixth acquisition in 12 months as crypto exchange builds out pre-listing product suite
Kraken has acquired token management platform Magna, the crypto exchange announced on Wednesday, marking its sixth deal in the past year. The exchange declined to disclose financial terms of the acquisition, which closed on Friday. Magna helps crypto companies manage token distribution to investors, similar to how traditional startups handle equity. Co-CEO Arjun Sethi said the acquisition enables Kraken to support token issuers earlier in their lifecycle. The deal comes as Kraken prepares for an IPO after filing confidentially in November. Magna, a Y Combinator graduate, was last valued at $70 million. The acquisition follows Kraken's $1.5 billion purchase of NinjaTrader in March and mirrors competitor Coinbase's July acquisition of rival platform Liquifi. Crypto exchanges are increasingly expanding beyond trading to offer broader financial services.
BlackTokenomics is thrilled to announce its strategic partnership with Magna Tokens, the industry-leading token management platform.
Magna Receives $15.2M Seed Round Back to Home. NEW YORK, NY, Magna, a token management platform, announced today it has raised $15.2 million in seed funding