Overview
Magna is a platform providing token vesting and decentralized finance investment management services[1]. Founded in 2022, the company participated in Y Combinator's Winter 2022 batch[3] and maintains headquarters at 161 Bowery in New York City[2][6]. The company operates with a team of 18 members[4]. Magna's platform enables companies to manage cap tables and distribute token equity to employees, advisors, and investors, while also providing institutional investor infrastructure for custody of on-chain investments[5]. The company aims to develop locked tokens as composable components for collateralized lending, secondary markets, and other decentralized finance applications[5].
Magna is building a platform to turn DeFi investments into financial primitives. Our first product is Carta for Web3, where companies can manage their cap tables and distribute their token equity to employees, advisors, or investors. We’re also building investor infrastructure for institutions to custody investments with on-chain execution and intelligence. Our ultimate goal is to use locked tokens as composable building blocks to power collateralized lending, liquid secondary markets, and other DeFi applications. Launching a token? Let's chat. Are you receiving tokens from your investments? We can also be helpful. What are our companies saying about the problem? > Having it all bundled together would make life easier. We have a million things to do. If you have an off-the-shelf thing, we’d use it. > This wouldn’t be a nice to have, it’d be a have to have. > Terrible process. We’re manually sending out transactions, going to solscan and manually check that they received our token. Takes hours every week. > Everything we do is potentially very dangerous. We have to check it thoroughly. I’ve spent several hours a day on this since launch. I imagine every month, it’ll ta [3]
Y Combinator's directory lists the company location as New York City, NY, USA; New York, NY, USA. [1]
Business address: 161 Bowery, New York, New York, 10002. [6]
Growth & traction
Y Combinator lists a team size of 18. [2]
Alumni
In the news
- Magna increases bet on battery swapping in India with $35M for YumaMagna's investment in Yuma Energy has reached $87 million as the Canadian auto supplier increases its majority stake in the Indian battery-swapping firm.
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