HEADLINE: Nuveen to Acquire Schroders in $9.9B Deal; Kraken Buys Token Platform Magna
LEAD: Nuveen announced a $9.9 billion acquisition of Schroders, while cryptocurrency exchange Kraken acquired Magna, a token management platform that handles vesting and distributions for crypto teams, ahead of Kraken's planned IPO.
BODY: The Nuveen-Schroders combination represents one of the week's largest fintech transactions. Details on deal structure and timing were not immediately available in the announcement.
Kraken's acquisition of Magna signals the exchange's push to expand infrastructure capabilities ahead of going public. Magna specializes in token vesting and distribution management—critical functions for crypto-native organizations managing employee compensation and investor allocations.
The deals underscore continued consolidation in both traditional asset management and cryptocurrency sectors as firms build out integrated platforms ahead of anticipated public market activity.
NOTE: The source material provided limited detail on both transactions. Additional reporting on deal terms, closing timeline, and strategic rationale was not available in the source content.
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