Gibraltar’s government said the Revolut payments app is again accepting sign-ups from residents and announced crypto authorization for a local subsidiary, which can handle orders, custody and staking.
The Gibraltar Financial Services Commission (GFSC) register lists Revolut Global Digital Assets Limited as a licensed distributed ledger technology (DLT) provider. It permits the subsidiary to send orders to third parties for execution and execute orders using its own virtual assets or money. The authorization also covers holding customers’ virtual assets in custody and providing staking.
The government announced the authorization Oct. 19 under Part 7 of the Financial Services Act. It said it expected three additional DLT permissions during the week.
Revolut said the license supports its international expansion. It plans to name the Gibraltar unit’s target markets and available services later, but has not announced a launch date. The company says it already offers crypto services through separate entities in the United Kingdom and European Economic Area, a structure described in earlier coverage of its regional operations. Revolut reports more than 80 million retail customers worldwide and more than 16 million crypto users.
