Kraken parent to buy Lithuanian Saldo Bank amid TradFi expansion
Summary
Kraken parent Payward signed a definitive agreement to acquire Saldo Finance Oy, whose subsidiary Saldo Bank is a Lithuanian-licensed digital bank. The EU banking license and existing operations could help Payward expand banking services across Lithuania, Finland, Sweden and Germany, with authorization also passported into the Netherlands. Payward plans to offer deposits, lending and banking-as-a-service, including card issuance and services for small businesses. The deal is expected to close in 2027, subject to regulatory approvals.
