Exchanges
Kraken's owner is buying a bank in Lithuania. What does that unlock in the EU?
Payward agreed to buy Saldo Bank, a digital lender licensed in Lithuania and active in four EU markets. If regulators approve, Kraken's parent could offer Europeans deposits, loans and cards from its own bank.
Exchanges
Nasdaq will put $100 million into Kraken's parent, with tokenized stocks due in 2027
Nasdaq's venture arm is backing Payward, and the two plan to link Nasdaq Equity Tokens, due in the second quarter of 2027, with Kraken's xStocks. Payward will also adopt Nasdaq's market surveillance technology.
Exchanges
Kraken's parent plugs into SoFi: 24/7 dollar settlement and a bank-issued stablecoin
SoFi will route some crypto trades for its 15.8 million members through Kraken Prime, and Kraken will list SoFiUSD, a stablecoin issued by SoFi Bank. Kraken's institutional clients also get dollars that settle at any hour, weekends included.