Lookonchain APP

App Store
Feeds Articles

Kraken Acquires Token Custody Platform Magna, Continues Expansion Ahead of IPO

2 hours ago

CoinDesk reported on February 19 that Payward, the parent company of cryptocurrency exchange Kraken, has acquired token management platform Magna. The move aims to further strengthen Kraken’s product suite and position the firm for potential listing plans. Financial terms of the transaction were not disclosed. Upon completion, Magna will continue operating independently, though its token lifecycle management tools will be integrated into Kraken’s institutional client product offerings. Magna specializes in token vesting, distribution and issuance management services for crypto project teams. It currently serves over 160 clients, with a peak total value locked (TVL) of $60 billion expected by 2025. This acquisition extends Kraken’s recent mergers and acquisitions (M&A) push. Last year, the firm acquired U.S. futures platform NinjaTrader for $1.5 billion, derivatives trading platform Small Exchange for $1 billion, proprietary trading firm Breakout and tokenized stock issuance platform Backed Finance. In November 2025, Kraken also closed an $800 million funding round, valuing the company at $20 billion.
Add to Favorites Download image Share x Copy link
Relevant content

FedSpeak: Fed Minutes Do Not Clearly Define Timeline for Inflation to Return to 2%, Reflecting Weakened Confidence in Inflation Path

On February 19, Wall Street Journal reporter Nick Timiraos—dubbed the “Fed’s Whisperer” for his close ties to Federal Reserve officials—said what was **missing** from the latest Fed meeting minutes matters more than what was included. Last year, Fed staff repeatedly projected inflation would hit the central bank’s 2% target by 2027 through the December policy meeting; the December minutes pushed that timeline to 2028. The January minutes, however, did **not explicitly state when inflation would reach 2%**. They only noted the forecast was “slightly higher and remained balanced” relative to December’s outlook, and that tariff impacts would fade after mid-year, with inflation resuming its prior downward trend. The phrase “and reach 2% by 2028” from earlier minutes was absent. Timiraos argued this signals the Fed’s **diminished confidence** in the inflation path. Tight resource utilization and rising import prices led staff to confirm a slightly higher forecast than December—but

1 seconds ago

Polymarket Team Member Suggests Token Airdrop Coming Within Six Months

On the morning of February 19th, Polymarket team member Mustafa liked a tweet stating: “Polymarket will conduct an airdrop in the next six months.”

1 seconds ago

Trump Says U.S. Trade Deficit Will Reverse for First Time in Decades This Year

February 19 — U.S. President Donald Trump stated that tariffs on foreign companies and countries have cut the U.S. trade deficit by 78%. He added the deficit will turn positive this year, marking the first time in decades the nation has achieved this milestone. (FX678)

1 seconds ago

A newly created address swept 886.31 WBTC, with a large sell-off 5 hours ago

On February 19, on-chain analyst Ai Auntie (@ai_9684xtpa) noted that a new address (0x44f…8C91A) has offloaded 886.31 WBTC on-chain in the past 5 hours, totaling $58.53 million at an average price of $66,044.99. The funds were cross-chain transferred via Defiway six months ago and consolidated by dozens of addresses six hours prior to the sale.

1 seconds ago

OpenAI is poised to surpass a $100 billion valuation

As of February 19, The Information reports that OpenAI’s latest funding round is proceeding smoothly, with total funding expected to surpass $100 billion. (Golden Ten)

1 seconds ago

WLFI will partner with Securitize to tokenize the Maldives Trump International Hotel & Resort

On February 19, World Liberty Financial (WLFI) announced a partnership with DarGlobal and Securitize to tokenize the loan interest and revenue-sharing rights of the Trump International Hotel & Resort, Maldives. This collaboration marks the first project under WLFI’s RWA tokenization issuance for its brand. The project, a joint effort between DarGlobal and The Trump Organization, is scheduled for completion by 2030 and will feature approximately 100 ultra-luxury beach and overwater villas. WLFI noted the token will target eligible accredited investors, offering fixed income and exposure to cash flows tied to loan revenue. Issuance will occur via Reg D 506(c) private placement and Reg S (restricted to verified accredited investors and non-U.S. persons), with limitations on token transfer and resale.

1 seconds ago

Hot feeds

A trader profits $448K by monitoring #Binance's new listings!

2024.12.13 17:37:29

A smart #AI coin trader made $17.6M on $GOAT, $ai16z, $Fartcoin,$arc.

2025.01.05 16:05:18

When Elon Musk tweeted about Moltbook, the meme coin MOLT experienced a short-term 30% price surge, hitting a new all-time high of $114 million.

2026.01.31 18:37:29

A $PEPE whale that had been dormant for 600 days transferred all 2.1T $PEPE($52M) to a new address.

2024.12.14 10:35:27

Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

2024.12.16 14:48:36

A sniper earned 2,277 $ETH ($8.3M) trading $SHIRO within 18 hours!

2024.12.03 23:09:08

 More

Hot Articles

Follow us

X

Follow

Telegram

Join