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Token Management Platform Magna Raises $15M Seed Round at $70M Valuation



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“At Shima, we have hundreds of portfolio companies and several have tried to build token distribution mechanisms in-house to no avail,” said Yida Gao, general partner at Shima Capital. “These tools should exist as a primitive and require battle-tested smart contract code, extensive security audits, and a usable interface to get right.”





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