Grayscale has launched a new fund that provides exposure to the Aave (AAVE) token. Aave is a decentralized lending platform built on the Ethereum blockchain that enables automated cryptocurrency loans using other tokens as collateral.

Grayscale’s head of product and research, Raikhaneh Sharif-Askari, noted that the Aave platform has the potential to revolutionize traditional finance by streamlining lending and borrowing using blockchain technology and smart contracts.

The launch of the Grayscale Aave Trust follows the recent launch of the Grayscale Avalanche Trust, which provides exposure to the AVAX token. Grayscale offers more than 20 different crypto investment products, including the Grayscale Bitcoin Trust and the Grayscale Ethereum Trust, which launched earlier this year.