Kraken owner Payward plans to acquire a European bank

Co-CEO Arjun Sethi confirmed the plan, but the target bank and deal terms have not been disclosed Payward Inc., the parent company of the Kraken crypto exchange, wants to own a bank. Specifically, a European one. Co-CEO Arjun Sethi disclosed the plan in an interview with CoinDesk on September 26, 2026. He did not name the target. The core fact is simple. Payward intends to purchase a bank somewhere in Europe. Almost everything beyond that remains unconfirmed. The bank’s name has not been made public, and neither have the terms of any deal.