Kraken Parent Payward Moves Into European Banking With Saldo Deal
Summary
Payward, the company behind Kraken, agreed to acquire Lithuania-based Saldo Bank, which offers deposits and loans. If regulators approve the deal, expected to close in 2027, Payward would gain an existing licensed European banking operation. The acquisition could eventually connect banking, lending and crypto services more closely, but it does not immediately give Payward broader European banking powers or provide Kraken users with new services. Regulatory approval and integration remain outstanding.
