Update
Payward to Buy Lithuania's Saldo Bank
Payward, the parent company of crypto exchange Kraken, is buying Lithuania-based Saldo Bank as part of its expansion into lending and card issuing services. The acquisition is the first digital asset company to buy a bank in Europe, according to the Financial Times. Payward co-CEO Arjun Sethi stated that customers want cash, crypto, tokenized stocks, and credit in one place, starting with lending and cards.