Update
Payward Expands DeFi Bets with AAVE Token Purchases
Payward, the parent company of Kraken, has made new purchases of AAVE tokens through a fund affiliated with the company. The purchases were disclosed on November 5, but no details about the amount spent or the number of tokens involved were provided. Payward may consider buying more tokens as on-chain lending activity grows. AAVE holders can vote on protocol changes and decisions involving the Aave DAO treasury, though Payward has not disclosed whether it or participating clients intend to take part in governance. The investment reflects the growing role of blockchain-based lending in financial markets.