Kraken Parent Payward Plans Saldo Bank Acquisition in EU Expansion
Payward, the company behind Kraken, plans to acquire Lithuania's Saldo Bank as it expands in the European Union, according to Decrypt.
Kraken owner Payward is set to buy Lithuania's Saldo Bank as part of its expansion in the European Union, Decrypt reported.
Co-CEO Arjun Sethi said customers are seeking a single platform that combines cash, cryptocurrency, tokenized stocks and access to credit.
Sethi identified lending and cards as the initial focus, outlining a push to offer banking services alongside digital assets.
Source: Decrypt
