Aave at 70% Discount? Misread Report Reveals Kraken’s Token and Equity Deal
Recent market rumors claimed Kraken was acquiring a stake in Aave at a 70% discount. However, the actual transaction involves Kraken purchasing the AAVE token holdings of Aave Labs along with a 15% equity stake in the entity, not a direct stake in the Aave protocol. The move is intended to strengthen Kraken’s DeFi positioning and support its IPO ambitions.
Kraken Pivots to Full-Stack Financial Infrastructure; IPO Paused Amid Market Slump
Kraken is transforming into a full-stack financial infrastructure firm through proprietary L2 networks, aggressive acquisitions, and regulatory licenses. However, due to the cryptocurrency bear market and heightened regulatory scrutiny, its IPO has been suspended, with a targeted restart by the end of 2026.
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