# Kraken Eyes a 15% Stake in Aave, Blurring the Line Between Exchanges and DeFi

The exchange is in talks to take an equity and token stake in the largest decentralized finance (DeFi) lender at a $385 million valuation, part of a series of acquisitions ahead of a planned public listing.

- Published: 2026-06-26T10:31:33.042Z
- Canonical: https://polylog.news/crypto/2026-06-26/kraken-eyes-a-15-stake-in-aave-blurring-the-line-between-exc
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [Polylog editors](https://polylog.news), [CoinDesk](https://www.coindesk.com/business/2026/06/25/kraken-in-talks-to-buy-15-stake-in-defi-lender-aave-at-usd385-million-valuation)

Kraken, owned by Payward, is in talks to buy a 15% stake in the decentralized lending protocol Aave at a $385 million valuation. According to CoinDesk, the proposed deal would have Kraken invest about 35,000 ether, worth roughly $31 million…

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