Kraken parent Payward buys Saldo Bank for European entry

Community Trust Score Verified 90 % Real Verified 21 votes Updated 13 hours ago Payward, the company behind the Kraken cryptocurrency exchange, has agreed to acquire Saldo Bank, a financial institution based in Lithuania. The transaction represents a strategic move into European banking that extends beyond the standard process of securing additional exchange registrations. The proposed acquisition would grant Payward an existing licensed banking operation within Europe. Saldo Bank currently provides banking products, including loans and deposits. The deal is expected to close in 2027, subject to regulatory approval.

Source: The Currency Analytics