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Kraken parent Payward to buy Lithuania's Saldo Bank

Payward, the parent of crypto exchange Kraken, agreed to acquire Lithuania's Saldo Bank, according to CoinDesk, Decrypt, The Defiant and Cointelegraph. CoinDesk reports Saldo Bank holds $190 million in total assets, while The Defiant says Saldo reported €196.9 million in assets at the end of June. The Defiant and Cointelegraph state the acquisition is expected to close in 2027, subject to regulatory approval, and Cointelegraph says it would expand traditional banking services into four EU operating markets already served by Saldo Bank.

Why “Unverified”

  • 4 independent sources (Decrypt, Cointelegraph, CoinDesk, The Defiant), but no primary confirmation

4 independent source groups across 4 posts · evidence score 96/100. How labels work

What the sources claim

  1. Payward agreed to buy Lithuania's Saldo Bank, which holds $190 million in total assets, securing an EU license 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.”
    CoinDesk

  2. Payward co-CEO Arjun Sethi says customers want cash, crypto, tokenized stocks and credit in one place, starting with lending and cards.

    “Co-CEO Arjun Sethi says customers want cash, crypto, tokenized stocks and credit in one place, starting with lending and cards.”
    Decrypt

  3. Saldo reported €196.9 million in assets at the end of June, and the acquisition is expected to close in 2027 subject to regulatory approval.

    “Saldo reported €196.9 million in assets at the end of June. The acquisition is expected to close in 2027, subject to regulatory approval.”
    The Defiant

  4. Payward expects to close the acquisition in 2027, enabling it to expand traditional banking services into four EU operating markets already served by Saldo Bank.

    “Payward expects to close the acquisition in 2027, enabling it to expand its traditional banking services into four EU operating markets already served by Saldo Bank.”
    Cointelegraph

Sources

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Summary and claims extracted by AI with prompt analyze-story@5 on 2026-10-15 10:40 UTC. Labels are computed from the sources, not by the model.