Magna raises $15 million in seed funding

Magna is a token management platform that is building token distribution software to make it easier for protocols, Decentralized Autonomous Organizations (DAOs) and crypto funds to send and receive tokens. Magna closes $15M seed round at $70M valuation, led by Tiger Global and Tusk Ventures, Shima Capital, Circle Ventures, Solana Ventures, Avalanche Labs and Galaxy Labs and individual investors former Coinbase executives Balaji Srinivasan, Messari ‘s Ryan Selkis and DJ Steve Aoki participated.

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