Stani Kulechov, the founder of decentralized lending platform Aave, bought a five-story mansion worth 22 million pounds ($30 million) in London’s exclusive Notting Hill area, according to a report by Bloomberg.
The developer bought the luxury property in November for about 2 million pounds less than the asking price, Bloomberg reported, citing brokers involved in the sale.
Kulechov, a Russian-born Finnish lawyer, founded Aave in 2017 under the name ETHLend. The platform, which aspires to be the backbone of the next generation of credit services, not just leverage to crypto, has over $50 billion in assets deposited across its markets.
Kulechov has been something of a champion for the UK and Ireland as potential crypto hubs. He recently welcomed UK tax authority HMRC’s approach to DeFi lending protocols that locking crypto as collateral would not generate a taxable event.
A spokesman for Aave did not immediately respond to a request for comment.
