CryptoMedium•14 October 2026•
1 min read
Kraken Parent Payward to Acquire Saldo Finance Oy for European Banking Expansion
Key Facts
1Payward, the parent company of Kraken, has signed a definitive agreement to acquire Finnish holding company Saldo Finance Oy.
2The acquisition gives Kraken control over the licensed Saldo Bank in Lithuania, facilitating its expansion into European banking services.
Payward, the parent company of the Kraken exchange, has signed a definitive agreement to acquire the Finnish holding company Saldo Finance Oy. Reuters reported that the acquisition gives Kraken control over the licensed Saldo Bank in Lithuania, facilitating its expansion into European banking services.
The move is part of Kraken's strategic push to expand beyond cryptocurrency trading and integrate traditional financial and banking services within the European market. This acquisition marks a significant step for the exchange in securing a regulated banking presence in the region.