Kraken Acquires EU Bank Saldo
Kraken's parent company Payward is buying Lithuanian-regulated Saldo Bank in a deal expected to close in 2027, marking a major step in crypto-native firms gaining direct banking licenses in Europe.
What we know
Confirmed by multiple outlets: @TheBlockCo broke the story citing the Financial Times, with several accounts on X amplifying quickly. @FT also covered it independently. The acquisition is subject to regulatory approval and is significant as it gives Kraken a direct EU banking footprint.
Sources
“Kraken parent company Payward is buying EU-regulated Lithuanian bank Saldo, expected to close in 2027”
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View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.