Kraken parent Payward to acquire Lithuania's Saldo Bank
- —Saldo Bank had total assets of €163.9 million at end-2025, up 22.7% year on year
- —The bank serves Lithuania, Finland, Sweden and Germany, with a passport for the Netherlands
- —Payward holds an Irish e-money licence, which bars lending and paying interest
- —Post-close plans include interest-bearing deposits, loans, card issuing and euro payments
Why it matters: The first EU bank acquisition by a crypto firm paves the way for full banking services for Kraken's European customers.
Source: CryptoTicker