Fortune Term Sheet· Camila Grigera Naón·2026-10-14 23:52· 4 days agoTop DealsAI Score62

Kraken parent Payward to acquire Lithuania's Saldo Bank

Kraken parent company Payward to become first crypto firm to buy a European Bank

AI Overview

Payward, the parent company of crypto exchange Kraken, agreed to acquire Lithuania-based Saldo Bank.

Why it matters

The deal shows how a crypto exchange can use an EU banking license to offer deposits, loans and SEPA transfers that US trust charters do not permit.

Source:Fortune Term Sheet · fortune.com

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