Magna Announces $15 Million Seed Round to Manage and Automate Token Distribution for Companies and Institutions – QNT Press Release

Magna’s platform allows companies to plan and manage token distributions for participants, employees, investors and other key stakeholders

Led by Tiger Global and Tusk Venture Partners, the new funding will allow the platform to launch new token management offerings and continue to build a world-class team

NEW YORK, Sept. 15, 2022 /PRNewswire/ — Magnaa New York-based token management platform, announced today it has raised $15.2 million in seed funding. The round was led by Tiger Global and Tusk Venture Partners with participation from Circle Ventures, Galaxy Digital, Asymmetric, Alchemy Ventures, Solana Ventures, Ava LabsPolygon, Protocol Labs, Y Combinator Continuity, Blockchain Founders Fund, AV Blockchain Fund, Olive Tree Capital, ProtoFund, Plug and Play Ventures, Balaji Srinivasan, Ryan Selkisand angels including senior executives from Anchorage, Fireblocks, TRM, Chainalysis, TokenSoft, Phantom, QuantStamp, and QuickNode, among other investors.

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