Kraken Parent Payward Acquires Saldo Bank to Expand Crypto Banking in Europe

Payward, Kraken’s parent company, signed an agreement to acquire EU-licensed Saldo Bank. The acquisition could combine crypto trading with deposits, lending, card payments, and credit services. The deal would mark the first time a digital asset company acquires a commercial bank in Europe. Payward, the parent company of crypto exchange Kraken, has agreed to acquire Saldo Bank, a European Union-licensed bank. The deal would allow Payward to combine crypto trading with bank deposits, lending, card payments and credit services. Meanwhile, the Saldo acquisition is expected to close in 2027, subject to regulatory approval.