Svmuu News: Cryptocurrency exchange Kraken is in negotiations to acquire a 15% stake in the decentralized finance protocol Aave at a valuation of $385 million.
According to a filing, the potential transaction would involve Kraken investing 35,000 ETH in exchange for 250,000 AAVE tokens and a 15% stake in Aave Group’s common stock. Sources familiar with the matter revealed that Kraken also plans to form a consortium to co-invest in the deal, which is valued at approximately $71 million. Reportedly, this investment is intended to be the first in a series of transactions under Payward Asset Management. (CoinDesk)
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Kraken Plans to Acquire a 15% Stake in Aave at a Valuation of $385 Million
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