Revolut gets Gibraltar crypto licence for international expansion

New licence lets Revolut build a dedicated international crypto arm

Revolut has received a Distributed Ledger Technology provider licence from the Gibraltar Financial Services Commission (GFSC), the company said in a statement shared with The Block on October 19, 2026. A distributed ledger is a shared digital record system that underpins crypto services.

The licence covers a newly formed company, Revolut Global Digital Assets Limited. Revolut said this entity will handle its crypto operations outside its existing UK and European businesses.

What the licence covers

• The licence was granted by the GFSC, Gibraltar's financial regulator, to a new Revolut entity.
• The new company, Revolut Global Digital Assets Limited, will support Revolut's international crypto services.
• Revolut already provides crypto services in the UK through Revolut Ltd.
• In the European Economic Area, it operates through Revolut Digital Assets Europe Ltd under the EU's MiCA rules.

Revolut points to compliance standards

Emil Urmashin, Revolut's general manager for crypto and new bets, said in the company statement that the authorisation from the GFSC "reflects our commitment to operating at the highest standards of regulatory compliance."

Revolut also said it has more than 80 million retail customers worldwide and over 16 million crypto users.

Which markets will use the Gibraltar entity

Revolut did not say which countries its Gibraltar-licensed company will serve, or when it will start operating. The company said it would share details on target regions and rollouts "in due course." Because of this, the scope and timing of the new entity's launch remain unclear.

Part of a wider expansion year

The Gibraltar licence is one of several moves Revolut has made in 2026. In March, British regulators lifted restrictions on its banking licence, allowing the company to launch Revolut Bank UK. In September, it received conditional approval from the U.S. Office of the Comptroller of the Currency while pursuing a U.S. banking charter.

In August, Revolut began rolling out EURR, a digital coin tied in value to the euro, to selected customers in Denmark, Poland and Portugal, with wider availability across the European Economic Area planned later in the year.

A third regulatory base for Revolut's crypto business

Until now, Revolut's crypto services have run through its UK and European operations. The Gibraltar licence gives the company a separate, regulated entity for international crypto activity, placing it alongside its UK and EU structures. What this means in practice for customers depends on which markets Revolut eventually names.

Revolut says regional details will follow

Revolut has not announced a start date or a list of countries for the Gibraltar entity. The company said it will release that information in due course.

Sources

• The Block