⚡ Kraken's Parent Payward Buys AAVE Tokens
Payward, the parent company of Kraken, and its asset management clients bought an undisclosed amount of $AAVE tokens on the secondary market through its affiliated fund.
By the numbers:
• $385M: the valuation behind June's original proposal for a 15% equity stake, now dropped
• $33B: Aave's current net deposits
• $11B: Aave's active loans
Payward says more purchases are possible as the two companies explore closer collaboration ahead.
Payward, the parent company of Kraken, and its asset management clients bought an undisclosed amount of $AAVE tokens on the secondary market through its affiliated fund.
By the numbers:
• $385M: the valuation behind June's original proposal for a 15% equity stake, now dropped
• $33B: Aave's current net deposits
• $11B: Aave's active loans
Payward says more purchases are possible as the two companies explore closer collaboration ahead.
