Kraken Eyes 15% Stake in Aave at $385 Million Valuation

AAVE5.21%
According to people familiar with the matter, Kraken parent Payward Inc. is in talks to acquire a 15% stake in Aave Group at a $385 million valuation. The proposed transaction would involve Kraken investing 35,000 ether in return for 250,000 AAVE tokens and a 15% common equity stake, valued at roughly $71 million. Kraken is also seeking to syndicate part of the transaction to other investors. The move is intended as the first investment in a series of transactions aimed at building out Payward Asset Management, marking a shift in Kraken's strategy toward broader exposure to decentralized finance ahead of a potential public listing.
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