Kraken Parent Payward Plans Saldo Bank Acquisition
Payward plans to acquire Lithuania’s Saldo Bank, with completion expected in 2027, to broaden its traditional banking services in the EU.
Payward, the parent company of crypto exchange Kraken, plans to buy Lithuanian lender Saldo Bank, according to Cointelegraph.
The acquisition is expected to close in 2027. It would give Payward a route to expand traditional banking services across four European Union markets where Saldo Bank already operates.
The planned purchase marks a further step in Payward’s push into traditional finance alongside its cryptocurrency business.
Source: Cointelegraph
