Kraken Parent Payward Agrees to Buy Lithuania’s Saldo Bank

Kraken's parent company Payward has agreed to acquire Lithuania's Saldo Bank, which reported €196.9 million in assets as of the end of June. The deal is expected to close in 2027, pending regulatory approval. The acquisition signals continued consolidation and expansion of crypto firms into traditional banking, but the distant timeline and modest asset size limit any near-term market impact.