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Kraken parent Payward and clients buy AAVE tokens in DeFi push

Payward, the parent company of crypto exchange Kraken, and its asset management clients have acquired AAVE tokens on the secondary market as part of a push into decentralized finance.

Graphic displaying the Payward logo on the left and the Aave logo on the right.
Image: @crypto_banter

Payward, the parent company of crypto exchange Kraken, and its asset management clients have purchased AAVE tokens as part of an expanding push into decentralized finance, according to a report by CoinDesk. Crypto Banter reported that an undisclosed amount of the tokens was purchased on the secondary market through a Payward-affiliated fund, with further purchases described as possible.[2][3][4][5][6]

The token acquisition follows earlier discussions first reported by CoinDesk in June that included a proposed equity stake in Aave Group, though the current transaction is limited to tokens. The initiative expands Payward's presence in DeFi and on-chain credit as client demand increases, and the companies are reportedly exploring further collaboration.[2][1][6]

Key facts

  • Kraken parent company Payward and its asset management clients purchased AAVE tokens in a DeFi investment push, per CoinDesk.
  • The tokens were acquired on the secondary market through a Payward-affiliated fund.
  • The total size and financial value of the AAVE token acquisition were not disclosed.
  • The move follows earlier talks reported in June regarding a proposed equity stake in Aave Group, though this purchase involves tokens only.
  • Payward and Aave are exploring further collaboration, and additional token purchases remain possible.

Sources · 6 sources

  1. DN

    DEGEN NEWS@DegenerateNewsPost on X ·

    BREAKING: @krakenfx PARENT @Payward AND ITS CLIENTS BUY $AAVE TOKENS IN DEFI INVESTMENT PUSH SOURCE: https://t.co/koeC6DTksQ https://t.co/NwVOaDsUmn

    Open source
  2. CO

    CoindeskArticle ·

    Kraken parent Payward and its clients buy AAVE tokens in DeFi investment push The investment follows talks first reported by CoinDesk in June that included a proposed equity stake in Aave Group.

    Open source
  3. TW

    The Wolf Of All Streets@scottmelkerPost on X ·

    JUST IN: KRAKEN PARENT PAYWARD AND ITS CLIENTS BUY AAVE $AAVE TOKENS ON THE SECONDARY MARKET https://t.co/GNlNMO8AEC

    Open source
  4. CB

    Crypto BriefingArticle ·

    Kraken owner Payward buys AAVE tokens, eyes further purchases: Report Payward's AAVE token acquisition signals a strategic shift towards DeFi, highlighting growing institutional interest in decentralized finance. The post Kraken owner Payward buys AAVE tokens, eyes further purchases: Report appeared first on Crypto Briefing .

    Open source
  5. CB

    Crypto Briefing@Crypto_BriefingPost on X ·

    🔥JUST IN: Kraken parent Payward and its asset management clients acquired an undisclosed amount of ethereum:0x7fc66500c84a76ad7e9c93437bfc5ac33e2ddae9 tokens, per CoinDesk. https://t.co/fPFNm0jo3g

    Open source
  6. CB

    Crypto Banter@crypto_banterPost on X ·

    🚨KRAKEN PARENT PAYWARD AND CLIENTS BUY ethereum:0x7fc66500c84a76ad7e9c93437bfc5ac33e2ddae9 IN DEFI PUSH! @Payward (parent of @krakenfx) and its asset management clients acquired an undisclosed amount of ethereum:0x7fc66500c84a76ad7e9c93437bfc5ac33e2ddae9 tokens on the secondary market through a Payward-affiliated fund, with further purchases possible. The move expands Payward’s push into DeFi and onchain credit as client demand grows, and the companies are exploring further collaboration. It follows earlier talks that also involved equity, though today’s announcement covers tokens only.

    Open source