Kraken's parent company agrees to buy Lithuania's Saldo Bank

Payward, which owns the crypto exchange Kraken, did not disclose the price. The deal gives it an EU banking licence as it expands from crypto trading into deposits and lending.

Saldo Bank's total assets, end of 2025

163.9 million euros

Saldo Bank held 163.9 million euros in total assets at the end of 2025, up 22.7 per cent from a year earlier.

"A regulated EU bank is the piece that lets us serve European clients the way a primary financial institution should: one place to hold assets, move them freely, and put them to work."

— Arjun Sethi, Payward co-CEO

Economy · 19 d ago

Kraken's parent company agrees to buy Lithuania's Saldo Bank

Payward, which owns the crypto exchange Kraken, did not disclose the price. The deal gives it an EU banking licence as it expands from crypto trading into deposits and lending.

Saldo Bank held 163.9 million euros in total assets at the end of 2025, up 22.7 per cent from a year earlier.

"A regulated EU bank is the piece that lets us serve European clients the way a primary financial institution should: one place to hold assets, move them freely, and put them to work."

Kraken's parent company agrees to buy Lithuania's Saldo Bank

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