Blockchain Application Developer Aave Launches New Venture Program to Supper Technology Startups

Aave, a Switzerland-based tech company which specializes in the development of decentralized and hybrid blockchain applications, today announced the launch of Aave Venture. According to Aave, the new venture will invest in projects to help startups implement innovative ideas in their respective industries.

The company also revealed 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. It also reported that Aave itself will 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.

“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.”

Aave reported that the venture’s first investment was in Delta Exchange, which is a cryptocurrency derivatives exchange that offers futures contracts on Bitcoin (BTC) and Ripple (XRP) and enables traders to speculate or hedge exposures in the two crypto assets using up to 20x leverage. Speaking about the investment, Stani Kulechov, CEO of Aave, stated:

“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.”

Pankaj Balani, CEO of Delta Exchange, added:

“Delta and Aave are both contributing to two important building blocks of the cryptocurrency ecosystem, derivatives and lending. 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.”
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