Revolut secured FCA approval on Might 14 to supply non-public wealth providers 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 non-public 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 way of Cyprus.
Victoria Laffey, head of operations at Revolut Buying and selling, stated the brand new permissions are “the missing piece allowing us to unite investment, advisory and portfolio management under one roof, making them even more accessible.”
The Variation of Permissions provides 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 providers for retail, skilled and high-net-worth shoppers inside a single platform.
FCA approval opens wealth administration push
Revolut received a full UK banking licence from the Prudential Regulation Authority in March 2026 after a 3 yr 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 develop into wealth administration and lending.
The corporate is reportedly planning a non-public banking unit for later this summer season, focusing on shoppers with not less than £500,000 in deposits. The minimal would place Revolut between Coutts, which just lately raised its threshold to £3 million, and the mass prosperous section conventional non-public banks have largely left underserved.
Revolut’s wealth division has develop into a serious income contributor. The corporate secured a MiCA crypto licence by way of Cyprus in October 2025, giving it passportable entry to 30 European Financial Space markets for regulated crypto providers. Greater than 10 million prospects already maintain or commerce crypto on the platform.
The FCA permissions pair with Revolut’s broader regulatory enlargement. 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.
