Revolut Wins Gibraltar Approval to Expand International…
By Abdelaziz Fathi
AI summary of the source article
Revolut has secured a Distributed Ledger Technology provider licence from the Gibraltar Financial Services Commission for its subsidiary, Revolut Global Digital Assets Limited. The authorisation permits virtual asset order execution, custody services, and cryptocurrency staking for international expansion.
Why it matters
Emil Urmashin, Revolut's general manager for crypto and new bets, described Gibraltar's regulatory framework as a foundation for the company's international digital asset operations.
Key facts
- Revolut Global Digital Assets Limited obtained a DLT provider licence from the Gibraltar Financial Services Commission under Part 7 of the Financial Services Act.
- The authorisation allows the entity to transmit and execute virtual asset orders, provide custody services, and offer cryptocurrency staking.
- Revolut reports serving over 80 million retail customers globally, which includes more than 16 million cryptocurrency users.
Source excerpt · FinanceFeeds
Revolut has obtained a Distributed Ledger Technology (DLT) provider licence from the Gibraltar Financial Services Commission (GFSC), establishing a new regulated entity to support its international cryptocurrency business as the fintech expands beyond its existing UK and European operations.The authorisation, announced on October 19, covers Revolut Global Digital Assets Limited (RGDAL). Gibraltar'…