Magna Employees

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Company History

Magna, formerly known as Maple, is a fintech company that launched in March 2022. The company is part of the Y Combinator W22 batch and operates primarily within the DeFi and DAO sectors. Magna's main offices are located in New York, NY, USA, and they have a team of 18 members. The company operates in the United States of America, America/Canada, and offers remote and partly remote positions. Magna is focused on building a platform for DeFi investments and financial infrastructures.

Products

The first product launched by Magna is Carta for Web3. This platform enables companies to manage cap tables and distribute token equity. Key features include custom vesting schedules, a claim portal, employee and investor dashboards, multi-signature support, and tax withholding and compliance. Magna's platform also supports various blockchain networks such as Solana, Ethereum, Avalanche, Polygon, Arbitrum, BNB Chain, and other EVM chains. The service is compatible with the ERC-20 token interface and integrates natively with Gnosis Safe for multisig capabilities.

DeFi Investments and Financial Primitives

Magna offers a comprehensive platform for DeFi investments and financial primitives. The company aims to build investor infrastructure that allows institutions to custody investments with on-chain execution and intelligence. They work on using locked tokens as composable building blocks for collateralized lending, liquid secondary markets, and other DeFi applications. Pricing for using the platform starts at $100 per month for protocols that seek to track their allocations.

Blockchain and Security

Magna supports multiple blockchain networks including Solana, Ethereum, Avalanche, Polygon, Arbitrum, BNB Chain, and other EVM-compatible chains. Security audits have been conducted by firms like OtterSec, CertiK, and Zellic. Magna is also in the process of integrating custodians such as Fireblocks, Anchorage, Bitgo, and others. Their platform is compatible with any wallet that employs WalletConnect, including MetaMask, Gnosis Safe, and Phantom.

Company Location and Team Size

Magna is headquartered in New York, NY, USA. The team consists of 18 members and operates in various regions including the United States of America, America/Canada, and offers both remote and partly remote positions. The company aims to leverage their diverse team to create innovative financial tools and solutions within the fintech industry.

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