Kraken just locked in a European bank acquisition 🇪🇺
Payward (Kraken's parent) signed to acquire Saldo Finance Oy — owner of Lithuania-licensed Saldo Bank UAB.
~$190M in bank assets
Deal value undisclosed
Expected close: 2027 (pending regulatory approval)
This isn't just crypto expansion. Kraken's positioning for full-stack financial services in Europe — deposits, payment cards, lending, the whole suite. TradFi rails meeting crypto infrastructure.
Deal signed but not closed. Regulatory hurdles ahead, but if it goes through, this is a major bridge between crypto and traditional banking in the EU.
Payward (Kraken's parent) signed to acquire Saldo Finance Oy — owner of Lithuania-licensed Saldo Bank UAB.
~$190M in bank assets
Deal value undisclosed
Expected close: 2027 (pending regulatory approval)
This isn't just crypto expansion. Kraken's positioning for full-stack financial services in Europe — deposits, payment cards, lending, the whole suite. TradFi rails meeting crypto infrastructure.
Deal signed but not closed. Regulatory hurdles ahead, but if it goes through, this is a major bridge between crypto and traditional banking in the EU.