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Regulation

Revolut secures Gibraltar crypto license to support global expansion

Revolut's new Gibraltar subsidiary can offer crypto order execution, custody and staking, but the company has not named markets or launch dates.

CoinDesk AI Desk
· 3 min read
✓ 2 SOURCES CHECKED
Revolut secures Gibraltar crypto license to support global expansion
Image: Cointelegraph

Key takeaways

  1. License covers three activities. The Gibraltar permission covers virtual-asset order execution, custody and staking services.
  2. Reach is large. Revolut reports more than 80 million retail customers worldwide, including about 16 million cryptocurrency users.
  3. Launch details are open. Revolut has not named the markets the Gibraltar subsidiary will serve or a rollout timetable.

What happened

Revolut Global Digital Assets Limited, a newly established Gibraltar subsidiary, received a Distributed Ledger Technology Provider license from the Gibraltar Financial Services Commission. The company announced the approval on October 19, 2026.

The permission covers transmission and execution of virtual-asset orders, virtual-asset custody and virtual-asset staking services. The GFSC register lists the company as a Gibraltar-incorporated entity authorised under the Financial Services Act 2019.

A Revolut spokesperson told Cointelegraph that the license will let the company offer crypto services in additional international markets. Specific countries and launch timelines have not been announced.

Why it matters

The Gibraltar license adds a regulated vehicle for Revolut's digital-asset activity alongside its existing structure. Crypto services continue through Revolut Ltd in the UK and Revolut Digital Assets Europe Ltd across the European Economic Area under MiCA.

The approval follows other regulatory steps. Revolut received in-principle approval to offer crypto services in Dubai in July and preliminary conditional approval from US regulators in September to establish a national bank offering digital asset custody and crypto-related payment services.

Gibraltar's government confirmed the permission on October 19. It also said Revolut had fully resumed onboarding Gibraltar residents to its electronic-money and payments app.

What the data shows

Revolut reports more than 80 million retail customers worldwide, including about 16 million cryptocurrency users. The GFSC register says the Gibraltar subsidiary was incorporated on June 27, 2024.

What is still unclear

  • Revolut has not identified the markets the Gibraltar subsidiary will serve first, the products that will launch first or a timetable for using the permissions.
  • The authorisation does not establish which assets or staking arrangements will be supported, what fees or customer eligibility rules will apply, or when any product will launch.

Questions readers ask

What license did Revolut receive in Gibraltar?

Revolut Global Digital Assets Limited received a Distributed Ledger Technology Provider license from the Gibraltar Financial Services Commission. The permission covers virtual-asset order execution, custody and staking services.

Which markets will Revolut's Gibraltar license cover?

Revolut says the license supports international expansion beyond the UK and European Economic Area. It has not disclosed specific countries or launch dates.

How many customers does Revolut have?

Revolut reports more than 80 million retail customers worldwide, including about 16 million cryptocurrency users.

Does the Gibraltar license replace Revolut's UK and EEA crypto operations?

No. Crypto services continue through Revolut Ltd in the UK and Revolut Digital Assets Europe Ltd across the EEA under MiCA, according to the reports.

Sources · 2 publishers

  1. The Block TIER 1 FIRST REPORT
    Revolut secures Gibraltar crypto licence to support international expansion plans
  2. Cointelegraph TIER 1
    Revolut secures Gibraltar crypto license to support global expansion