Payward Agrees to Acquire EU-Licensed Digital Bank Saldo Finance
Payward, parent company of crypto exchange Kraken, has agreed to acquire Saldo Finance, the holding company for Lithuania-licensed digital bank Saldo Bank. The acquisition aims to enhance Payward's infrastructure and expand its banking capabilities in Europe. The move is expected to strengthen Payward’s position as it seeks broader financial services integration within its ecosystem. By acquiring an EU-regulated institution, Payward can potentially offer more compliant and scalable solutions for European users of Kraken and other platforms under the umbrella company.
Topics: banking cryptocurrency digital finance