TheBlock
Revolut has secured a Distributed Ledger Technology provider licence from the Gibraltar Financial Services Commission for a newly formed entity, Revolut Global Digital Assets Limited, that will support the fintech's international crypto operations. Emil Urmashin, the company's general manager for crypto, framed the approval as a reflection of Revolut's commitment to operating at the highest standards of regulatory compliance.
The licence extends an already broad regulatory footprint. Revolut offers crypto services in the UK through Revolut Ltd and across the European Economic Area through Revolut Digital Assets Europe Ltd under the EU's MiCA rules. The company counts more than 80 million retail customers worldwide and over 16 million crypto users.
Why it matters
Gibraltar is a deliberate pick. Its DLT regime is one of the longest-running frameworks purpose-built for crypto businesses, and it gives Revolut a licensing vehicle for jurisdictions the UK and MiCA regimes do not cover. The company has not disclosed which markets the Gibraltar entity will serve or when, but the filing signals that international expansion, not consolidation, is the priority.
Market impact
The approval caps a run of regulatory wins. In March, British regulators lifted restrictions on Revolut's banking licence, clearing the launch of Revolut Bank UK. Last month the company won conditional approval from the US Office of the Comptroller of the Currency as it pursues a US banking charter. It also began rolling out its euro-pegged EURR stablecoin to selected customers in Denmark, Poland, and Portugal in August, with wider EEA availability planned later this year.
For the market, a licensed fintech with 80 million users deepening its crypto push is a steady stream of institutional-grade adoption. The next marker to watch is Revolut's disclosure of the Gibraltar entity's target regions, which will show where the expansion is actually aimed.
Frequently asked questions
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What licence did Revolut secure in Gibraltar?
Revolut obtained a Distributed Ledger Technology provider licence from the Gibraltar Financial Services Commission for its new entity, Revolut Global Digital Assets Limited, which will support the company's international crypto operations.
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How many crypto users does Revolut have?
Revolut reports more than 80 million retail customers worldwide, of whom over 16 million use its crypto services, according to the company's statement.
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Where does Revolut currently offer regulated crypto services?
Revolut offers crypto in the UK through Revolut Ltd and across the European Economic Area through Revolut Digital Assets Europe Ltd, which operates under the EU's MiCA rules.
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Which markets will Revolut's Gibraltar entity serve?
Revolut has not disclosed the target markets or a timeline. The company said details on target regions and rollouts would come in due course.
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What other regulatory approvals has Revolut won in 2025?
In March it received approval to launch Revolut Bank UK after British regulators lifted restrictions on its banking licence, and last month it secured conditional approval from the US Office of the Comptroller of the Currency as it pursues a US banking charter.
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