Exchanges· ★★★★· bullish·

Kraken parent Payward agrees to acquire Lithuania's Saldo Bank

  • —Saldo Bank has held a Lithuanian banking license since 2021 and operates in Lithuania, Finland, Sweden and Germany
  • —The deal moves Payward beyond its EU e-money license into full banking services
  • —Nasdaq previously invested $100M in Payward at a reported $21B valuation
  • —Payward has originated over $2B in loans and holds limited Federal Reserve account access
Why it matters: An EU banking license lets Kraken earn interest and lending revenue, reducing its reliance on trading fees.
Source: Coinpaper
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