Kraken's Parent Company Payward and Its Clients Buy AAVE, Exploring DeFi and Asset Management Partnership

TechFlow reported on November 05, citing CoinDesk, that Payward, the parent company of cryptocurrency exchange Kraken, and its asset management clients purchased an undisclosed amount of AAVE tokens on the secondary market through affiliated investment fund Digital Asset Special Investments I, LP. Payward said it may continue to increase its AAVE holdings in the future and is exploring further partnership opportunities with Aave.

This investment is part of Payward's expansion of its asset management business, with a focus on digital assets, structured yield, and tokenized investments. Stani Kulechov, founder and CEO of Aave Labs, said that partnering with Payward is expected to help Aave reach more retail and institutional users. According to the announcement, the Aave network currently has approximately $33 billion in net deposits and approximately $11 billion in active loans.

Source: 深潮 TechFlow