Magna Analysis: $15M Raised
What is Magna?
Digital asset management for token operations
Employees
11-50
Founded
2022
Industry
Blockchain
Latest Funding Round Size
$15.2 million
Product Features & Capabilities
- Onchain Vesting
- Offchain Vesting & Tax
- Whitelabel Claim Portals
- Grant Management
- Custody & Escrow
- Staking
Use Cases
Automate token unlocks with on-chain vesting; Distribute tokens directly from custody with off-chain vesting; Manage grant distributions and milestones; Provide customized claim portals for token holders; Facilitate staking with branded pools
How much Magna raised
Funding Round - $15.2 million
RecentOther Considerations
Trusted by over 150 startups and enterprises; $10B+ in tokens managed on-chain; 1M+ stakeholders using Magna; SOC 2 Type 2 certified; Integrates with Fireblocks, Anchorage, and Safe
Recent News
Recent news related to Magna includes the announcement of their integration of the first token vesting and claims smart contracts on the Filecoin network. This deployment marks a significant step for Magna as the largest multi-chain token vesting platform, enhancing their user interface and support for tokens on the Filecoin Virtual Machine. Additionally, Magna previously announced a $15.2 million seed funding round aimed at managing and automating token distribution for companies and institutions.
Competitors
The main competitors of Magna in the fintech space include:
1. Bitwave
2. Gilded
3. Coinshift
4. Streamflow
5. Mintify
6. BnkToTheFuture
7. Goonder
8. EvenFi
9. Polkastarter
10. Seedify
11. MoonStarter
1. Bitwave
2. Gilded
3. Coinshift
4. Streamflow
5. Mintify
6. BnkToTheFuture
7. Goonder
8. EvenFi
9. Polkastarter
10. Seedify
11. MoonStarter
