October 14th 2026, 10:21 AM
Kraken Seeks EU Banking Presence with Saldo Bank Acquisition
Key Summary
Payward, Kraken's parent company, is acquiring Saldo Bank in Lithuania to expand its financial infrastructure and improve regulatory compliance, paving the way for a single platform that combines asset management and lending across the European Economic Area.
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Background
Kraken's parent company, Payward, is acquiring Saldo Bank in Lithuania to expand its financial infrastructure and improve regulatory compliance.\\n\n
Significance
The acquisition will allow Payward to offer banking services across the European Economic Area, marking a significant step towards a single platform that combines asset management and lending.\\n\n
Quotes
'Customers want cash, crypto, tokenized stocks and credit in one place, starting with lending and cards,' said Co-CEO Arjun Sethi.
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