Payward, the parent of crypto exchange Kraken, acquired an undisclosed amount of AAVE tokens alongside its asset management clients. The purchases were made on the secondary market through a Payward-affiliated fund. The company said it may buy more tokens and is exploring collaboration with Aave, but disclosed no specific plans.
Payward described the investment as part of its push into decentralized finance and on-chain credit markets. DeFiLlama data cited in the source puts Aave’s total value locked at about $17.06 billion, or roughly 32.8% of the decentralized lending market.
