Revolut Secures Gibraltar License to Broaden Crypto Services Globally
Revolut, a British financial technology firm and neobank, has obtained a license to provide cryptocurrency services in Gibraltar. The company intends to leverage this approval to extend its digital asset offerings to international markets outside the UK and the European Economic Area.
The Gibraltar Financial Services Commission (GFSC) granted a Distributed Ledger Technology (DLT) Provider license to Revolut Global Digital Assets Limited, a newly formed subsidiary, as announced on Monday.
A Revolut representative told Cointelegraph that this license will enable the company to introduce crypto services in new international territories, though the specific locations and rollout dates have yet to be revealed.
Currently, Revolut delivers cryptocurrency services through Revolut Ltd in the United Kingdom and Revolut Digital Assets Europe Ltd within the European Economic Area, where its activities are regulated under the European Union’s Markets in Crypto-Assets Regulation (MiCA).
The fintech firm reports serving over 80 million retail customers worldwide, including approximately 16 million engaged in cryptocurrencies, according to its statement.
Obtaining the Gibraltar license follows Revolut's earlier in-principle approval for crypto offerings in Dubai this July and a preliminary conditional green light from US regulators in September to establish a national bank focused on digital asset custody and crypto payment services.
The Gibraltar license marks a strategic milestone for Revolut as it seeks to expand its cryptocurrency services beyond European borders, reflecting its ambition to become a global player in digital asset markets.
Why it matters
This development highlights Revolut's growing footprint in the cryptocurrency sector, showcasing its efforts to access new international markets and strengthen its position amid increasing global demand for digital asset services.
Prepared from the source material with AI-assisted editing and checked against the supplied facts.
Open original source ↗