Kraken parent company Payward has agreed to acquire Saldo Bank, a Finnish bank owned by Saldo Finance Oy, subject to regulatory approval and expected to close in 2027. The acquisition would add deposit accounts, payments and lending to Kraken’s existing services, but bank deposits, electronic-money balances and custodied cryptocurrencies would remain subject to different legal protections. Eligible Saldo Bank deposits receive Lithuania’s deposit guarantee, generally capped at EUR 100,000 per depositant per institution, while safeguarded funds held by Payward Ireland Limited do not receive the same conventional bank deposit insurance. As of June 30, 2026, Saldo reported EUR 196.9 million in assets, EUR 169.4 million in retail deposits and a EUR 129.5 million gross credit portfolio, while recording a net loss of EUR 545,000 for the reported period. Loans more than 90 days overdue nearly doubled in 2025, rising from EUR 1.615 million to EUR 3.514 million, highlighting the credit risk Payward would inherit.
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