Kraken parent Payward seeks to acquire a European bank
Image: Crypto BriefingPayward, the parent company of Kraken, plans to acquire a European bank. Coinpedia reported that Payward signed a definitive agreement to acquire Lithuania-based Saldo Bank, with closing expected in 2027 subject to regulatory approval. Crypto Briefing reported that the target bank and deal terms were not disclosed. Payward co-CEO Arjun Sethi has discussed the plan. The acquisition would combine crypto trading with banking and payments services.
Key points
- Payward is the parent company of the Kraken crypto exchange and is pursuing a European bank acquisition.
- Payward co-CEO Arjun Sethi has commented publicly on the European bank acquisition.
- The proposed acquisition would combine crypto trading with banking and payments services.
- The bank acquisition requires regulatory approval or review before it can proceed.
Why it matters
If approved, a European banking license would let Payward offer deposits, lending, card payments and credit alongside crypto trading. The deal faces regulatory review.
What's unclear
Coinpedia reports a definitive agreement to acquire Lithuania-based Saldo Bank, while Crypto Briefing reports the target bank and deal terms were not disclosed.
Sources · 4 publishers
Crypto Briefing
Tier 2
Kraken parent Payward moves to acquire Lithuania’s Saldo Bank
Coinpedia
Tier 3
Kraken Parent Payward Acquires Saldo Bank to Expand Crypto Banking in Europe
Bitcoin.com News
Tier 2
Kraken’s Parent Company Moves to Acquire a Bank in Europe
CryptoSlate
Tier 2
Kraken moves to acquire $181 million European bank in major push beyond crypto trading
Coverage timeline
- First reported by Crypto Briefing
- Also reported by Coinpedia
- CryptoVideos brief published
- 3 more publishers added to sources
- Brief updated
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error
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