The Gibraltar Financial Services Commission authorized Revolut Global Digital Assets Limited as a distributed ledger technology provider, giving the group a third licensed entity alongside its UK and EEA arms. Revolut did not say which activities the license covers or which markets the entity will serve.
Revolut said on Monday that the Gibraltar Financial Services Commission has authorized Revolut Global Digital Assets Limited, a newly established subsidiary, as a distributed ledger technology provider. The announcement gives no date for the authorization and no list of the regulated activities it covers.
The new company adds a third licensed entity to the two through which Revolut already delivers crypto. Revolut Ltd handles the United Kingdom, and Revolut Digital Assets Europe Ltd covers the European Economic Area under the bloc's Markets in Crypto-Assets regulation. Revolut said the Gibraltar company will support its international presence and its crypto offerings "across key expansion markets," and that details of the target regions and the service rollouts it supports will be announced "in due course."
That leaves the commercial substance undisclosed. Revolut named no market the new entity will serve, gave no launch timing, and did not say what the Gibraltar permission allows it to do. A distributed ledger technology license covers a wide span of businesses in Gibraltar: Payment Expert lists centralized and decentralized exchanges, custodial and wallet providers, tokenization platforms and digital asset brokerages, and processors that handle cross-border payment and settlement on distributed ledgers among those the framework oversees. Revolut's statement does not say where in that range the new entity sits. Crowdfund Insider reported that the permission covers transmitting and executing orders, providing custody and offering staking, a scope Revolut's own statement does not confirm.
Emil Urmanshin, Revolut's general manager for crypto and new bets, said the authorization "reflects our commitment to operating at the highest standards of regulatory compliance," and described Gibraltar's "pioneering oversight in the digital asset space" as making it an ideal jurisdiction. Fabian Picardo, Gibraltar's chief minister, said in the same announcement that the territory "has long led the way in establishing a rigorous regulatory environment for DLT firms."
Revolut says it has more than 80 million retail customers worldwide and more than 16 million crypto users. Both are company figures, and neither shows how many of those customers sit outside the two jurisdictions where Revolut is already licensed to serve them crypto.
The new entity arrives after a year in which Revolut added crypto products inside licenses it already held. Its euro stablecoin EURR is issued by Bridge, the Stripe-owned issuer, rather than by Revolut itself, and reached selected customers in Denmark, Poland and Portugal from August, with wider availability across the EEA planned for later this year, according to The Block.
Revolut's European crypto services stay with the MiCA-licensed entity, and that regime has been tightening. The European Securities and Markets Authority told national regulators this month to presume that any service touching a non-compliant stablecoin is incompatible with a platform's duty to act in its clients' best interests, and the European Banking Authority takes over direct supervision of USDC's reserves on November 12. Revolut's announcement does not connect the Gibraltar entity to either development.
For now Revolut holds a Gibraltar authorization for an entity whose markets, products and launch date it has not disclosed. The company said those details will follow.
