COINDESK · 2026-11-05 14:00 UTC

Kraken parent Payward and its clients buy AAVE tokens in DeFi investment push

Payward (Kraken's parent) and its clients acquired an undisclosed amount of AAVE tokens through an affiliated investment fund, buying on the secondary market. The deal differs from earlier June talks that proposed 250,000 AAVE tokens and a 15% equity stake in Aave Group; Thursday's announcement mentions no equity stake. Payward and Aave are exploring future collaboration opportunities as part of Payward's expansion into asset management, DeFi, and tokenized investments.

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