Kraken Parent Payward to Become First Crypto Firm to Buy an EU Bank in Lending and Deposit Push
Key Highlights: Payward, the parent company of cryptocurrency exchange Kraken, has agreed to acquire Lithuania-based Saldo Bank for an undisclosed sum. The landmark transaction positions Payward as the first crypto firm to purchase a bank in Europe, securing a coveted European Union banking license. Saldo Bank reported total assets of 163.9 million euros ($180 million) ...