Payward to acquire Lithuania's Saldo Bank

Payward, the parent company of crypto exchange Kraken, said it has agreed to acquire Saldo Bank, a Lithuania-based online bank licensed in the European Union. The deal is expected to close in 2027, pending regulatory approval. Kraken declined to disclose the acquisition price, saying it does not share financial terms for its deals. The companies are also developing blockchain-based versions of stocks, expected to launch in the second quarter of 2027, with Kraken expected to serve as a distribution platform.

AI-generated from reports · 4 days agoUpdate