defiNovember 6, 2026
Kraken parent Payward buys AAVE tokens
Payward, the company that owns the Kraken crypto exchange, together with its clients acquired AAVE tokens on the secondary market. The purchase was made through an investment fund linked to the company. The transaction amount is not disclosed, and further purchases are possible.
The parties are also exploring prospects for cooperation. The new statement does not mention buying a stake in the business. In June, media reported talks on Payward acquiring 15% of Aave Group at a company valuation of $385 million.
For those who hold or exchange cryptocurrency, the news means that a major market player is showing interest in the AAVE token through a linked fund, while the terms and size of the deal remain undisclosed.