Magna is developing software infrastructure for the web3 ecosystem, focusing on token management and distribution. Their flagship product, Carta for Web3, automates the management of digital assets and tokens, enabling organizations to incentivize investors and network participants with customized distribution logic. Having grown to manage over $2 billion in digital assets and built a user base of hundreds of thousands, Magna is backed by prominent VC firms and founded by a team with extensive experience in finance and distributed systems. Their engineering practices emphasize high code quality and provide an environment that values learning and innovation. Staffed by a small but dedicated team, Magna is committed to driving the future of decentralized finance by enhancing the functionality and accessibility of the web3 landscape.