Kraken Parent Payward Moves to Acquire Lithuania's Saldo Bank

Kraken's parent company Payward is acquiring Lithuania-based Saldo Bank as part of a strategy to expand into lending and card services, according to the Financial Times.
The proposed acquisition could give Payward additional banking infrastructure and support its expansion beyond cryptocurrency exchange services into broader financial products.
A regulated banking presence in Europe could also create opportunities for closer integration between digital assets and traditional financial services.
The transaction remains subject to applicable approvals and completion conditions. Its financial terms and the scope of future customer offerings have not been specified in the report.