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Kraken Parent to Acquire Lithuania-Based Saldo Bank

Source: Bloomberg

M&A & RestructuringCrypto & Digital AssetsBanking & LiquidityFintech

Payward Inc., Kraken’s parent, is set to acquire the holding company behind Lithuania’s Saldo Bank UAB. The deal would give the digital-asset firm access to a banking license in Lithuania; financial terms were not reported.

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