Payward is moving deeper into traditional finance with an agreement to acquire the owner of Lithuania-licensed Saldo Bank.
The strategic value is obvious: a banking license gives the Kraken parent direct access to services like deposits, lending, cards and SEPA payments instead of relying on external financial partners for every step.
That could eventually let users move between fiat, crypto and tokenized assets inside a much more integrated ecosystem. The deal still needs regulatory approval and is expected to close in 2027.
BTC is trading around $83.5K.
The interesting part is not that a crypto company bought a bank. It is that crypto platforms are starting to compete for control of the same infrastructure traditional banks have owned for decades.
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