Crypto Regulation: Kraken Parent Payward Targets Saldo Bank to Expand Into Lending and Cards

Key insights Payward’s Saldo Bank bid links EU crypto and crypto regulations to planned lending and cards. The Financial Times reported that the acquisition could close next year, subject to local approval. Dubai’s authorization covers retail, professional, and institutional investors ahead of the planned UAE launch. Kraken’s parent, Payward, signed an agreement to acquire Saldo Bank, expanding its EU crypto banking ambitions. The company announced the transaction on Oct. 14, targeting lending, deposits, and payment services across Europe. Payward expects to complete the acquisition in 2027, subject to regulatory approval.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to The Coin Republic.