Aave Launches Aave Venture To Support Emerging Technology Companies
Cryptocurrency company Delta Exchange announced as first investment
CHIASSO, Switzerland, Sept. 27, 2018 /PRNewswire/ -- Aave, a tech company which specializes in the development of decentralized 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 conceptualizes 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 capitalize on this opportunity to become the go-to trading venue for crypto derivatives.
"Beyond funding, we support entrepreneurs with resources and strategic counsel," said 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," said 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 decentralized lending platform ETHLend.
About Aave
Aave is a Swiss-based technology company founded in 2017 by Stani Kulechov, focused on empowering people through innovation across all industries through the development of decentralized and hybrid blockchain applications. Aave has an extensive list of products that range from ambient accounts, lending software, custody and payments services to blockchain-based games and developer tools. The team behind this technology-based venture is a multicultural group of creatives who hold transparency, security, and trust at their core.
About Delta Exchange
Delta Exchange is the first cryptocurrency derivatives exchange that is made by traders for traders. Users can trade Bitcoin and Ripple futures contracts with up to 20x leverage on Delta Exchange. The team aspires to grow Delta Exchange into the most liquid crypto derivatives exchange in the world.
SOURCE Aave
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