# Kraken parent Payward agrees to acquire EU-licensed Saldo Bank

_Published Wednesday, October 14, 2026 at 10:20 AM EDT · Products · Latest · Tier 2 — Notable_

![Kraken parent Payward agrees to acquire EU-licensed Saldo Bank — Primary](https://image.coinpedia.org/wp-content/uploads/2026/10/14191058/Ripple-News-Today-Ripple-Makes-New-Push-Into-Traditional-Stock-Markets.jpg)

Payward, the parent of crypto exchange Kraken, signed a definitive agreement to acquire Lithuania-based Saldo Bank, Coinpedia reported. The bank is licensed by the European Central Bank and supervised by the Bank of Lithuania.

The acquisition would combine Payward's crypto services with deposits, loans and card payments. Saldo operates in Lithuania, Finland, Sweden and Germany and can also serve customers in the Netherlands. Payward plans to let institutional customers borrow cash against crypto or tokenized stock holdings without selling those assets.

The transaction is expected to close in 2027, subject to regulatory approval.

## Sources

- [Coinpedia](https://coinpedia.org/news/kraken-parent-payward-acquires-saldo-bank-to-expand-crypto-banking-in-europe/)

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Canonical: https://techandbusiness.org/newswire/Y_CkalGp2e01jyFaLl0aRi
Published: 2026-10-14T14:20:04.568Z
Story chronology: 2026-10-14T12:54:44.000Z
Retrieved: 2026-10-14T16:57:25.300Z
Publisher: Tech & Business (techandbusiness.org)