Here is what the page “Kraken Owner Payward to Acquire Lithuania's Saldo Bank in EU Expansion Push” contains. Payward, the parent company of cryptocurrency exchange Kraken, has agreed to acquire Lithuania's Saldo Bank as part of its push into the European Union market. The move aims to integrate traditional banking services with digital assets, according to Co-CEO Arjun Sethi, who said customers increasingly want cash, crypto, tokenized stocks, and credit in one place. The acquisition is expected to enable Kraken to offer lending and card products, starting in the EU, where Saldo Bank holds a banking license.
Lithuania has positioned itself as a fintech-friendly jurisdiction within the EU, and the deal underscores the growing convergence of crypto and traditional finance. By owning a licensed bank, Payward can expand its product suite beyond trading and custody, potentially attracting a broader user base seeking seamless financial services. For the complete material, the listing points back to the source inside the network.