Stani Kulechov, founder of decentralized lending platform Aave, has purchased a five-story mansion worth 22 million pounds ($30 million) in London’s posh Notting Hill neighborhood, according to a Bloomberg report.
The entrepreneur bought the luxury property in November for around 2 million pounds less than the guide price, Bloomberg reported citing brokers involved in the sale.
Kulechov, a Finnish lawyer of Russian origin, founded Aave in 2017 under the name ETHLend. The platform, which aspires to become the backbone of the next generation of credit services, and not just a lever for crypto, has more than $50 billion in assets deposited across its markets.
Kulechov has been something of a champion of the UK and Ireland as possible crypto hubs. He recently praised UK tax authority HMRC’s approach to DeFi lending protocols, whereby locking crypto as collateral would not generate a taxable event.
An Aave spokesperson did not immediately respond to a request for comment.
