Payward Confirms Acquisition of EU-Regulated Saldo Bank

Payward confirms plans to acquire Saldo Bank, expanding into traditional banking. Here's why this matters for the crypto sector. Payward, the parent company of Kraken, has announced plans to acquire Saldo Bank, a regulated financial institution in Lithuania. This move will enable Payward to expand its reach into traditional banking services, including lending and card issuance. The acquisition is expected to close in 2027, pending regulatory approval, marking a significant step for the digital asset sector. More details can be found in a tweet by WuBlockchain .