Kraken parent Payward moves to acquire Lithuania’s Saldo Bank

The deal for Saldo Finance would hand Kraken's parent company an EU-licensed bank and a path into lending and card services Payward, the parent company of crypto exchange Kraken, is buying a bank. Not a crypto-flavored bank, but an actual EU-licensed lender supervised by the Bank of Lithuania. On October 14, 2026, Payward announced it would acquire Saldo Finance, the Finnish parent company of Saldo Bank. The stated goal is to push into lending and card services, two businesses that crypto exchanges have long eyed from across the regulatory fence.

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