Kraken Parent Payward Moves Into European Banking With Saldo Deal
Summary
Payward, the company behind Kraken, has agreed to acquire Lithuania-based Saldo Bank, which offers loans and deposits. The proposed deal would give Payward an existing licensed European banking operation and could eventually bring banking, lending and crypto services into a more connected offering. It is subject to regulatory approval and is expected to close in 2027. Until approval and integration are complete, no new services are available to Kraken users.
