Press Release

Aave launches Aave Venture to support emerging tech companies

Cryptocurrency company Delta Exchange announced as first investment

Chiasso, Switzerland (27th September 2018) — Aave, a tech company which specialises in the development of decentralised and hybrid blockchain applications, today announced the launch of Aave Venture, which will invest in projects to help teams implement innovative ideas in their respective industries.

Aave Venture helps startups reach their potential by providing funding and strategic counsel to assist with raising capital through ICOs in addition to multiple support services, including talent recruitment and mentorship. Aave will also provide startups with access to executive team members who have extensive knowledge in each of their respective industries, to enhance company strategy and ensure that they efficiently and effectively impact key markets and partners.

Startups can connect to Aave’s LEND token economy to accelerate user acquisition within the company’s network of early adopters. By joining this ecosystem, startups can ensure their market entry gets the support it should.

While parent brand Aave provides products to empower people through innovation and open up new opportunities, Aave Venture takes the concept further by also supporting new product ideas. In essence, Aave conceptualises and provides products, while Aave Venture funds and acts as an adviser to startups that want to bring their new product ideas to market.

Its first investment is in Delta Exchange, a cryptocurrency derivatives exchange that offers futures contracts on Bitcoin (BTC) and Ripple (XRP), which enable traders to speculate or hedge exposures in the two crypto assets using up to 20x leverage. The growth potential of crypto derivatives is immense, and Delta Exchange aims to capitalise on this opportunity to become the go-to trading venue for crypto derivatives.

“Beyond funding, we support entrepreneurs with resources and strategic counsel,” says Stani Kulechov, CEO of Aave. “Our aim is to foster products that our early adopters can benefit from by expanding the ecosystem for the LEND token economy. We look for creative thinkers, hard workers, and visionaries. Delta Exchange’s team is skilled and ambitious, and we believe they have potential to become the next biggest crypto trading platform.”

“Delta and Aave are both contributing to two important building blocks of the cryptocurrency ecosystem, derivatives and lending,” says Pankaj Balani, CEO of Delta Exchange. “I believe that this natural synergy will enhance our partnership with Aave, as well as with the wider crypto ecosystem. We are delighted to have a partner like Aave join us on our journey.”

Aave was launched earlier this month by the developers behind popular decentralised lending platform ETHLend.

Press release disclaimer: This is a paid press release. Coin Rivet recommends readers to undertake their own research on the company. Coin Rivet does not endorse and is not liable for any content or products on this page.

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

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