M&AFinancial ServicesSIGNED
Kraken Owner to Acquire Lithuanian Bank Saldo
Acquirer
Payward (Kraken)
Target
Saldo Bank
San Francisco-based Payward, the owner of cryptocurrency exchange Kraken, is set to acquire Lithuania's Saldo Bank. This move signifies Kraken's ambition to expand its offerings into broader financial services.
✦ Meridian Analysis
This acquisition represents a significant step for a major crypto player into traditional banking, potentially bridging the gap between digital assets and regulated financial institutions in Europe.
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