Magna

Magna, previously known as Maple, operates from New York, NY, and is a key player in the fintech industry, specifically within the sub-industry of DeFi. The company, which launched in March 2022, is part of the Y Combinator W22 batch and serves regions across the United States, Canada, and offers remote and partly remote working environments. Magna’s team comprises 18 members. The company’s first product, Carta for Web3, helps companies manage cap tables and distribute token equity. Magna is dedicated to building robust investor infrastructure for institutions, enabling them to custody investments with on-chain execution and intelligence. It aims to utilize locked tokens as versatile building blocks for applications such as collateralized lending and liquid secondary markets. Magna supports various blockchain networks including Solana, Ethereum, and others, and offers features like custom vesting schedules, multi-signature support, and tax compliance. Their services have been audited by reputable firms such as OtterSec, CertiK, and Zellic, ensuring a high standard of security and reliability. Pricing for their services starts at $100 per month, catering primarily to protocols that manage their allocations.