Revolut has secured a digital-asset licence from Gibraltar’s financial regulator for a newly established subsidiary, supporting the fintech’s plans to expand its cryptocurrency business internationally.

The Gibraltar Financial Services Commission authorised Revolut Global Digital Assets Limited to conduct regulated distributed ledger technology activities, including crypto order execution, custody and staking, according to the Gibraltar government. The authorisation confirms the activities the subsidiary may conduct in Gibraltar, but Revolut has not announced a timetable for launching those services in additional markets.

The authorisation will support Revolut’s international cryptocurrency operations alongside its existing services in the United Kingdom and the European Economic Area, where the company operates under the European Union’s Markets in Crypto-Assets (MiCA) framework.

Revolut says it serves more than 80 million retail customers globally and has more than 16 million crypto users. The company has not yet specified which additional markets or services will be supported by the Gibraltar entity. It said further details about target regions and service rollouts would be announced in due course.

Separately, Revolut has fully resumed onboarding new customers in Gibraltar. Residents can open accounts and access the company’s payments and electronic money services.

The licence and the resumption of onboarding form part of Revolut’s broader international expansion as financial technology firms seek regulatory approval to offer digital-asset services across multiple jurisdictions. Further details to watch include the regions and services Revolut ultimately assigns to the Gibraltar subsidiary.

Source: BitcoinKE