Revolut has secured a Distributed Ledger Technology provider licence in Gibraltar for a newly established subsidiary that is intended to support the fintech company's international crypto operations. Revolut announced on October 19 that the Gibraltar Financial Services Commission had authorised Revolut Global Digital Assets Limited, known as RGDAL. Gibraltar's government separately confirmed that the subsidiary received permission under Part 7 of the territory's Financial Services Act. The approval creates a regulated operating base, but it does not mean Revolut has launched new crypto services in specific countries. It also leaves the timing and customer eligibility for any future rollout unresolved.

What the permission covers

The government statement lists three regulated activities: transmitting and executing virtual-asset orders, providing virtual-asset custody services, and offering virtual-asset staking services. Those categories describe what RGDAL is permitted to undertake within Gibraltar's DLT framework. They do not establish which assets will be supported, what fees customers may pay, or when a particular service will become available. Revolut said the entity will support its presence and crypto offerings across key expansion markets, with details on target regions and service rollouts to be announced later.

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The structure sits alongside Revolut's existing regional entities rather than replacing them. The company provides crypto services in the United Kingdom through Revolut Ltd and across the European Economic Area through Revolut Digital Assets Europe Ltd under the European Union's Markets in Crypto-Assets rules. Independent reporting from The Block also noted that RGDAL will support international operations alongside those UK and European businesses. That distinction matters because a Gibraltar authorisation is not, by itself, evidence that customers in every market can access the same products.

A regulatory base for further expansion

Revolut described Gibraltar's early DLT regime as a supervisory baseline for its international digital-asset services. The company says it has more than 80 million retail customers worldwide and over 16 million crypto users. Those are company-reported global figures, not a forecast of customers who will be served by RGDAL. The new permission gives the subsidiary a defined set of regulated capabilities, while local licences, product approvals and consumer-protection requirements may still determine whether and how Revolut can enter any additional jurisdiction.

Separate from local account onboarding

Gibraltar's government announced the crypto permission alongside Revolut's resumption of customer onboarding for residents of the territory. The two developments are related to Revolut's Gibraltar presence but should not be treated as the same service launch. The onboarding notice concerns access to Revolut's electronic-money and payments app for local residents. RGDAL's permission concerns regulated virtual-asset activities for a dedicated digital-assets subsidiary. The government said the approval broadens the services Revolut can offer, without publishing a product schedule.

The next meaningful evidence will be a named market and a documented product rollout. Customers and industry participants will need details on eligible jurisdictions, supported assets, custody arrangements, staking terms, pricing and complaint procedures before they can assess the practical reach of the licence. For now, the authorization strengthens Revolut's regulatory infrastructure for international crypto expansion, while leaving the commercial scope and timing open. That makes it a licensing milestone rather than confirmation that a new global service is already available.

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