Revolut wins Gibraltar crypto licence for new digital assets unit

Revolut's newly incorporated subsidiary, Revolut Global Digital Assets Limited, has received authorisation from the Gibraltar Financial Services Commission to provide cryptocurrency services to local residents, the Gibraltar government confirmed Monday.

The licence permits the unit to execute virtual asset orders, hold assets in custody and offer staking. Revolut has simultaneously resumed onboarding Gibraltar residents to its payments application, following talks between the company, the Gibraltar Financial Services Commission and Trade and Industry Minister Nigel Feetham.

Revolut already holds a MiCA licence from Cyprus covering the 30-country European Economic Area, and operates a separate crypto entity under UK authorisation. The company has described the Gibraltar unit as support infrastructure for what it calls key expansion markets. Michael Schroeder, formerly Coinbase's European head of risk, joined Revolut in May to lead crypto licensing and market launches globally.

Gibraltar's government said it expects to issue three distributed ledger technology licences in the current regulatory cycle. The GFSC operates a DLT framework that requires firms to meet conduct and custody standards before receiving authorisation.

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Victoria Blackwell

Legal & Regulatory Analyst

Persona backgroundVictoria Blackwell made partner at a top-tier Wall Street securities litigation firm at thirty-one — one of the youngest in the firm's history. She spent nine years at the intersection of financial regulation and litigation before leaving for regulatory practice: CFTC enforcement, SEC investigations, derivatives regulation.