Revolut Wins Gibraltar Approval to Expand International…

Revolut has been granted a Distributed Ledger Technology (DLT) provider licence by the Gibraltar Financial Services Commission (GFSC), creating a dedicated regulated vehicle for its international cryptocurrency operations. The authorisation, announced on October 19, applies to Revolut Global Digital Assets Limited (RGDAL). Gibraltar's government confirmed the permission was issued under Part 7 of the Financial Services Act.

The licence allows RGDAL to transmit and execute virtual asset orders, provide custody services and offer cryptocurrency staking — a combination of permissions that supports running a crypto platform rather than simply distributing third-party products. Firms authorised under Gibraltar's DLT framework must meet standards covering client asset protection, financial resources, governance, cybersecurity, anti-money-laundering controls and operational resilience. Custody carries particular weight, since holding client assets requires safeguards around wallets, private keys and operational failures.

Separately, Gibraltar's government said Revolut has fully resumed onboarding local residents to its electronic money and payments app, a matter distinct from the new international crypto entity.

Existing licences stay in place

The Gibraltar subsidiary adds a jurisdiction-specific operating vehicle alongside Revolut's current arrangements rather than replacing them. The group already offers crypto services in the UK through Revolut Ltd and across the European Economic Area via Revolut Digital Assets Europe Ltd, which operates under the EU's Markets in Crypto-Assets Regulation (MiCA). Its European business has adjusted to MiCA requirements, including restrictions on USDT deposits for affected customers. Outside Europe, Revolut won approval for crypto services in the United Arab Emirates in July.

Revolut said it now serves more than 80 million retail customers globally, including over 16 million cryptocurrency users. Emil Urmashin, the company's general manager for crypto and new bets, described Gibraltar's regulatory framework as a foundation for its international digital asset operations.

The licence follows a string of regulatory milestones across the wider business: approval in March to launch Revolut Bank UK after restrictions on its British banking licence were lifted, and preliminary conditional approval in September from the US Office of the Comptroller of the Currency for a proposed American national bank, which still requires further clearances. In August, Revolut began a limited rollout of its euro-denominated EURR stablecoin to selected customers in Denmark, Poland and Portugal, with plans to widen availability across the EEA.

Revolut has not disclosed which markets RGDAL will serve, when services will launch or what volumes it expects, leaving the commercial contribution of the Gibraltar entity unquantified for now.