Kraken parent Payward to acquire a European bank 'soon'
- —Payward plans to acquire a European bank; the target was not named
- —Bloomberg reported in July that Payward was in talks over a Lithuanian bank
- —The 'One Ledger' strategy would combine exchange, banking, asset management and Payward Services
- —Payward's Q2 2026 adjusted revenue reached $508 million, up 17% year over year
Why it matters: Buying a bank would accelerate Kraken's shift from exchange to full-stack financial infrastructure and sharpen competition in European tokenization.
Source: CoinDesk Japan