Kraken parent Payward strikes deal for Saldo Bank
The company behind the Kraken exchange plans to take over a bank, giving it an EU license to take deposits and make loans.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
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What happened
Payward, the parent company of the Kraken crypto exchange, has struck a deal to acquire Saldo Bank. The deal is meant to give Payward a banking license in the EU for deposits and lending. The acquisition was announced on Wednesday.
Coverage
- Kraken Parent Payward Agrees to Acquire Lithuania’s Saldo Bank (fintechnews.ch)
- Kraken's parent company agrees to buy EU bank in milestone deal (Yahoo News)
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