Kraken acquires stake in AAVE tokens to enter DeFi
Kraken's parent company, Payward, has just acquired an undisclosed amount of AAVE tokens, native to the Aave protocol, through its investment fund Digital Asset Special Investments. A strategy that presents DeFi as “an…
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https://cryptoast.fr/kraken-acquiert-participation-tokens-aave-pour-inscription-dans-defi/
The Aave protocol has just announced in an official press release that the parent company of the Kraken cryptocurrency exchange platform, Payward, has purchased an undisclosed amount of AAVE tokens on behalf of itself and its clients, through an investment fund named: Digital Asset Special Investments I, LP.
This operation was carried out on the secondary market - and not directly with the Aave protocol - and it could obviously announce others in the future. Indeed, Aave's press release indicates that in an environment where “traditional and on-chain markets are converging, Payward believes that DeFi is an essential component of the global financial system, and that Aave plays a leading role in this evolution”.
A vision confirmed by the vice-president of Payward Asset Management and Institutional, Gurpreet Oberoi, while the press release from the parent company of Kraken specifies for its part “a growing demand for exposure to DeFi among informed investors, while Payward and Aave study possibilities of collaboration on future initiatives”.
On-chain lending is quickly becoming an important part of the financial system, and Aave has established itself as one of the fundamental protocols of this transformation. This investment reflects our long-term belief in the on-chain lending and DeFi markets, as well as our clients' growing demand for exposure to the infrastructure that is shaping the future of finance.
This purchase made by Payward does not fail to recall the rumors of negotiations between the two companies that appeared last June regarding the possible acquisition of a 15% stake in the Aave protocol, based on a sale of AAVE tokens with a 70% discount, which ultimately involved the entity Aave Group and no such arrangement.
In this context, some observers even note that this operation carried out on the secondary market can be considered as a strong sign of Payward's commitment and confidence in the development prospects of the Aave protocol, since the company purchased its AAVE tokens at the market price. This seems to be confirmed by its founder and current CEO, Stani Kulechov.
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Payward's investment demonstrates growing confidence in AAVE and the Aave Will Win scheme, which engages Aave Labs in growing the ecosystem and returning value to the DAO and AAVE holders. Working with Payward is a strategic step to bring Aave to the next wave of retail and institutional users.
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