Revolut just won a Gibraltar crypto licence for a brand-new global digital assets unit — another regulated door for a fintech giant with more than 80 million customers. Traders are watching because every new licence widens the road between everyday banking apps and crypto markets, and Revolut already counts over 16 million crypto users.
Key points:
- Revolut secured a DLT provider licence from the Gibraltar Financial Services Commission for a new entity, Revolut Global Digital Assets Limited.
- The Gibraltar unit will support Revolut's international crypto operations, alongside its existing UK and European Economic Area businesses.
- Revolut has more than 80 million retail customers worldwide and over 16 million crypto users, but has not yet named the markets the new unit will serve.
The company announced the licence on Monday in a statement shared with The Block. The licence comes from the Gibraltar Financial Services Commission, Gibraltar's financial regulator, and it covers the new Revolut Global Digital Assets Limited entity. Emil Urmashin, Revolut's general manager for crypto and new bets, said securing the DLT authorization reflects the company's commitment to operating at the highest standards of regulatory compliance.
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Why is Gibraltar the new base?
Gibraltar is one of the oldest regulated homes for crypto firms, and a licence there gives Revolut a fresh base for customers outside its current regions. Revolut already offers crypto in the UK through Revolut Ltd and across the European Economic Area through Revolut Digital Assets Europe Ltd, which works under the EU's MiCA rules. The new Gibraltar entity is meant to support the next stage of that international expansion, rather than replace the UK or European operations.
The licence also lands in the middle of a big expansion year. In March, British regulators lifted restrictions so Revolut could move ahead with launching Revolut Bank UK, and last month the company won conditional approval from the US Office of the Comptroller of the Currency while chasing a US banking charter. In August it also began rolling out its euro-pegged EURR stablecoin to selected customers in Denmark, Poland and Portugal, with wider European availability planned later this year.
What happens next?
For traders, the key question is reach: Revolut has not said which countries the Gibraltar unit will serve or when it will start, promising details in due course. If the new base brings crypto trading to more markets, one of the world's biggest retail apps could push fresh buying and selling volume into the market — and each new regulated licence makes crypto a more normal part of mainstream banking.
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— Crypto News Daily News Desk
This post is news only, not financial advice. Always do your own research before buying or selling crypto.
Sources: The Block
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