Kraken’s Parent Company Is Buying This Altcoin — “Purchases May Continue”
Kraken, the parent company of the cryptocurrency exchange, has officially announced that it has purchased an altcoin as an investment. Kraken’s parent company, Payward, and its asset management clients have purchased AAVE tokens as part of their decentralized finance investments. According to today’s announcement, the purchases were made through Payward-linked Digital Asset Special Investments I, LP fund and the company’s asset management clients. Instead of purchasing tokens directly from Aave, they were raised from the secondary market. While the purchase amount and the dollar size of the investment were not disclosed, Payward indicated that it may make additional purchases in the future.