According to CoinDesk: Grayscale has launched the Grayscale Aave Trust, offering investors exposure to Aave's AAVE token, and expanding its lineup of digital asset investment products. Aave, a leading decentralized lending protocol based on the Ethereum blockchain, has become the largest lending platform by total value locked (TVL), according to DeFiLlama.

Grayscale's head of product and research, Rayhaneh Sharif-Askary, highlighted the potential of Aave to "revolutionize traditional finance" by optimizing lending and borrowing processes, removing intermediaries, and reducing reliance on human judgment through blockchain and smart contracts.

This launch follows Grayscale's recent rollout of the Grayscale Avalanche Trust, adding to its growing portfolio of over 20 crypto investment products. Grayscale also launched various trusts earlier this year, including the Grayscale Bitcoin Trust (GBTC), Grayscale Mini Bitcoin Trust (BTC), Grayscale Ethereum Trust (ETHE), and Grayscale Ethereum Mini Trust (ETH).