Kraken parent Payward to become first crypto firm to buy a EU bank as it expands into deposits, lending
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Payward, the parent of Kraken, finalizes a deal to acquire Lithuania’s Saldo Bank, a modest institution with roughly $190 million in assets, granting Payward its first European Union banking licence for deposits and lending.
Payward agreed to buy Lithuania’s Saldo Bank, which holds $190 million in total assets, securing an EU license for deposits and lending.