Kraken Parent Payward Agrees to Acquire Lithuania’s Saldo Bank
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Payward, the parent company of Kraken, has agreed to acquire Lithuania’s Saldo Bank, with completion expected in 2027 pending regulatory approval.
Payward, which owns crypto exchange Kraken, has reached an agreement to purchase Lithuania’s Saldo Bank, according to The Defiant.
Saldo’s reported assets totaled €196.9 million at the end of June. The source did not specify the purchase price.
The transaction is expected to be finalized in 2027, provided it receives the required regulatory clearance.
Source: The Defiant
