Kraken Parent Payward to Acquire Lithuania's Saldo Bank

Payward Inc., the parent company of crypto exchange Kraken, is set to acquire the holding company behind Lithuania-based Saldo Bank UAB. The deal would give the digital-asset firm a banking license in Lithuania.

• Payward Inc. is the parent of crypto exchange Kraken
• It is acquiring the holding behind Saldo Bank UAB
• Deal grants Kraken a banking license in Lithuania