{"id":239498,"date":"2026-10-14T16:30:01","date_gmt":"2026-10-14T16:30:01","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=239498"},"modified":"2026-10-14T16:30:01","modified_gmt":"2026-10-14T16:30:01","slug":"kraken-parent-company-payward-to-buy-saldo-bank-in-european-banking-push","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=239498","title":{"rendered":"Kraken Parent Company Payward to Buy Saldo Bank in European Banking Push"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Kraken Parent Company Payward to Buy Saldo Bank in European Banking Push<\/a><\/p>\n

<\/div>\n

Payward, the parent company of crypto exchange Kraken, has signed<\/a> a definitive agreement to acquire Saldo Bank, gaining an EU banking license and a footprint across five European markets.<\/p>\n

Payward is buying Saldo Finance Oy, a Finnish holding company whose subsidiary, Saldo Bank UAB, is a digital-first specialized bank licensed in Lithuania. The bank operates in Lithuania, Finland, Sweden and Germany, with a passport into the Netherlands.\u00a0<\/p>\n

Payward did not reveal the financial terms of the deal, which is expected to close in 2027, subject to regulatory approvals.<\/p>\n

It comes as Kraken, like other crypto exchanges, pushes further into the traditional finance world, allowing users to trade stocks, bonds and other assets. The company has sold its app as a \u201cprimary account for everything.\u201d<\/p>\n

\u201cA regulated EU bank is the piece that lets us serve European clients the way a primary financial institution should: one place to hold assets, move them freely, and put them to work,\u201d said Arjun Sethi, Payward\u2019s co-CEO. \u201cWe are starting in the EU, and the ambition is global.\u201d<\/p>\n

Payward said that once completed, the acquisition is expected to let Payward Banking offer interest on deposits, SME and consumer loans, credit cards, and banking-as-a-service tools such as card issuance, SEPA payments access and embedded lending for partners.\u00a0<\/p>\n

Saldo already offers retail term deposits in all four of its operating markets, consumer lending in Lithuania, Finland and Sweden, and a credit card in Finland.<\/p>\n

Payward says it already holds a Federal Reserve limited-purpose master account in the U.S. and an e-money license from the Central Bank of Ireland, and has originated more than $2 billion in loans.<\/p>\n

The deal comes shortly after Payward this week announced<\/a> plans to launch in the UAE following full approval from Dubai\u2019s Virtual Asset Regulatory Authority.\u00a0<\/p>\n

In September, Bloomberg reported<\/a>\u00a0 that Nasdaq Inc. was investing $100 million in Payward at a $21 billion valuation, citing people familiar with the matter. Payward and SoFi Technologies also recently agreed to route SoFi customers\u2019 crypto orders through Kraken Prime, Kraken\u2019s prime brokerage arm.<\/p>\n

This post Kraken Parent Company Payward to Buy Saldo Bank in European Banking Push<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Mathew Di Salvo<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Kraken Parent Company Payward to Buy Saldo Bank in European Banking Push Payward, the parent company of crypto exchange Kraken, has signed a definitive agreement to acquire Saldo Bank, gaining an EU banking license and a footprint across five European markets. Payward is buying Saldo Finance Oy, a Finnish holding company whose subsidiary, […]<\/p>\n","protected":false},"author":0,"featured_media":239499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-239498","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/239498"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=239498"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/239498\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/239499"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=239498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=239498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=239498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}