Kraken's Parent Company Payward and Its Clients Buy AAVE, Exploring DeFi and Asset Management Partnerships
TechFlow reports, on November 5, according to CoinDesk, cryptocurrency exchange Kraken's parent company Payward and its asset management clients purchased an undisclosed amount of AAVE tokens in the secondary market through an affiliated investment fund, Digital Asset Special Investments I, LP. Payward stated it may continue to increase its AAVE holdings in the future and is exploring further collaboration opportunities with Aave.This investment is part of Payward's expansion into asset management, focusing on digital assets, structured returns, and tokenized investments. Stani Kulechov, founder and CEO of Aave Labs, stated that the partnership 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 about $11 billion in active loans.
TechFlow reports, on November 5, according to CoinDesk, cryptocurrency exchange Kraken's parent company Payward and its asset management clients purchased an undisclosed amount of AAVE tokens in the secondary market through an affiliated investment fund, Digital Asset Special Investments I, LP. Payward stated it may continue to increase its AAVE holdings in the future and is exploring further collaboration opportunities with Aave.
This investment is part of Payward's expansion into asset management, focusing on digital assets, structured returns, and tokenized investments. Stani Kulechov, founder and CEO of Aave Labs, stated that the partnership 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 about $11 billion in active loans.
