Aave Will Launch A Version Of Its Platform For Institutional Investors

The Aave decentralized lending protocol plans to launch the Aave Pro authorized platform for institutional investors this month. The platform will be launched in partnership with cryptocurrency custody and service provider Fireblocks.

According to the screenshot of the email, the institutional product Aave Pro will be launched this month in response to strong demand from various organizations. At launch, Aave Pro will only support four assets – BTC, ETH, AAVE and USDC.

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Aave Pro will add whitelisting to Aave V2 smart contracts to ensure that only “institutions, corporations and fintechs” approved by the Fireblocks “Know Your Customer” verification process have access to the platform. Fireblocks will also be involved in implementing anti-money laundering and anti-fraud measures.

Image: st24invest