TREE NEWS update: Revolut’s newly established crypto entity, Revolut Global Digital Assets Limited, has been granted a distributed ledger technology (DLT) provider license by Gibraltar, the company said on October 19. The approval supports its strategy to expand its international crypto business. Revolut said it has more than 80 million retail customers, of whom 16 million are crypto users.
Revolut’s Crypto Arm Secures Gibraltar DLT Provider License
Gibraltar's DLT license gives Revolut a regulated base for international crypto expansion, a notable step for a firm whose crypto user base is already large relative to its retail footprint. The approval matters less as a new market entry than as a signal that established fintechs are choosing dedicated licensing regimes to scale crypto beyond their home jurisdictions. Whether other large retail platforms follow this path, and how Gibraltar's regime is received by counterparties and regulators elsewhere, is the open question.
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