Revolut secured FCA approval on Could 14 to supply personal wealth companies and leveraged merchandise within the UK.
Abstract
- The FCA granted Revolut Buying and selling a Variation of Permissions enabling managed investments and principal dealing for the primary time.
- Revolut plans to launch a UK personal banking unit this summer season with a £500,000 deposit threshold.
- The transfer follows Revolut’s UK banking licence grant in March 2026 and its MiCA crypto licence secured by Cyprus.
Victoria Laffey, head of operations at Revolut Buying and selling, stated the brand new permissions are “the lacking piece permitting us to unite funding, advisory and portfolio administration beneath one roof, making them much more accessible.”
The Variation of Permissions offers Revolut Buying and selling the regulatory instruments to handle shopper funding portfolios and deal as principal, enabling leveraged funding merchandise, discretionary portfolio administration and advisory companies for retail, skilled and high-net-worth purchasers inside a single platform.
FCA approval opens wealth administration push
Revolut gained a full UK banking licence from the Prudential Regulation Authority in March 2026 after a 3 12 months software course of. The licence remodeled the fintech from an digital cash establishment into a completely regulated financial institution, offering the authorized basis required to increase into wealth administration and lending.
The corporate is reportedly planning a personal banking unit for later this summer season, focusing on purchasers with at the very least £500,000 in deposits. The minimal would place Revolut between Coutts, which lately raised its threshold to £3 million, and the mass prosperous phase conventional personal banks have largely left underserved.
Revolut’s wealth division has grow to be a significant income contributor. The corporate secured a MiCA crypto licence by Cyprus in October 2025, giving it passportable entry to 30 European Financial Space markets for regulated crypto companies. Greater than 10 million clients already maintain or commerce crypto on the platform.
The FCA permissions pair with Revolut’s broader regulatory growth. The corporate utilized for a US nationwide banking constitution in March 2026, focusing on entry to American fee rails and credit score merchandise forward of a deliberate 2028 IPO. Wealth revenues on the agency climbed 31% to $876 million in 2025, with crypto exercise cited as a significant driver.