Kraken in talks to buy 15% stake in DeFi lender Aave at $385 million valuation
Crypto exchange Kraken is reportedly in negotiations to acquire a 15% stake in the DeFi lending protocol Aave for $385 million. The deal would mark Kraken's strategic expansion into decentralized finance and asset management.
Why it matters
This investment signals a growing trend of centralized crypto exchanges integrating with decentralized protocols to diversify their business models.
Crypto exchange Kraken, part of Payward Inc., is in talks to acquire a 15% stake in decentralized finance (DeFi) protocol Aave at a $385 million valuation, according to three people with knowledge of the matter.
The report relies on industry sources to describe a business transaction without taking a stance on the market implications.
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