Kraken parent Payward and its clients buy AAVE tokens in DeFi investment push
Source: CoinDesk ·
From the source
The investment follows talks first reported by CoinDesk in June that included a proposed equity stake in Aave Group. Payward, the parent company of crypto exchange Kraken, and its clients have acquired an undisclosed amount of AAVE tokens, expanding the company’s push into decentralized finance (DeFi) and asset management. The purchases were made through Digital Asset Special Investments I, LP, a Payward-affiliated investment fund, and its asset management clients, according to an announcement Thursday. The tokens were bought on the secondary market, and Wyoming-based Payward said it may make further purchases. Payward and Aave are also exploring opportunities to collaborate on future opportunities, the statement said without adding details. Payward is buying tokens on the market rather than directly from Aave, which is a "signal of alignment” between the two companies and "paving the way for future collaboration," a person familiar with the matter told CoinDesk. The deal has evolved…
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