Kraken owner Payward buys AAVE tokens, eyes further purchases: Report

Payward and its asset management clients picked up an undisclosed amount of AAVE through an affiliated fund, and the two sides are exploring further collaboration Payward, the company behind crypto exchange Kraken, has gone shopping in the decentralized finance aisle. The firm and its asset management clients have bought an undisclosed amount of AAVE tokens, according to an announcement made Thursday. The move extends Payward’s push into asset management and decentralized finance, or DeFi. DeFi covers financial services that run on blockchain software rather than through banks and brokers. Payward and Aave are also exploring further collaboration. How the deal was structured The tokens were acquired through Digital Asset Special Investments I, LP, an investment fund affiliated with Payward. The fund’s asset management clients also took part in the buying. According to the research findings, the announcement was dated November 5, 2026. No dollar figure or token count was attached to it. Notably, the purchase involves tokens only. There is no equity component this time, meaning Payward is not buying a slice of the company that develops Aave. It is buying exposure to the protocol’s to...