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Aave supports startup companies

Aave, a blockchain company from Ticino, launched Aave Venture to support emerging technology startups. It has now announced the cryptocurrency company Delta Exchange as its first investment.

Bild: voytekpavlik/goodfreephotos.com
Image Credit: voytekpavlik/goodfreephotos.com

 

Aave develops decentralised blockchain applications for different sectors. It launched in September from the decentralized lending platform ETHLend and is headquartered in Chiasso. Now, it has created its own investment channel with Aave Venture.

Providing capital and coaching, Aave Venture supports projects that demonstrate innovation in their respective industries, according to a statement. Startups can also connect to Aave’s LEND token economy.

Aave Venture has already announced its first investment. It is supporting the crypto platform Delta Exchange, which has the potential to become the “next biggest crypto trading platform”, according to Aave CEO Stani Kulechov. 

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