Kraken Parent Payward Buys EU Bank in Crypto Industry First
Tom Rudovsky · Reported by CryptoProwl
Sentiment
Positive
Importance
7
Price
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Mkt Cap
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52W Low
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52W High
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52W Position
Off High
Rel. Volume
Market data snapshot near publication time
Summary
Payward, parent of crypto exchange Kraken, is acquiring Lithuania-based Saldo Bank for an undisclosed amount. This is the first time a crypto company has purchased a bank in the EU. Saldo Bank had €163.9 million in total assets at the end of 2025, up 23% year-over-year. The deal, subject to regulatory approvals, is expected to close in 2027. Payward plans to offer European customers interest-bearing deposits, loans, card services, and payments. Deutsche Bank is mentioned only as a size comparison and is not a party to the transaction.
This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: CryptoProwl.