News linked to both this project and an event.
Odaily Odaily News Fintech company Revolut has reached a valuation of $115 billion in a secondary stock sale for employees, making it the most valuable private company in Europe. Revolut disclosed a pre-tax profit of $2.3 billion and revenue of $6 billion for 2025. Its main app allows users to trade over 200 crypto tokens, transfer assets to external wallets, and stake holdings. The company also operates a standalone crypto exchange, Revolut X. Revolut recently secured a full UK banking license and is seeking a US national banking license. The company's IPO valuation target is $200 billion.
British fintech company Revolut announced that it has received in-principle approval from the Dubai Virtual Assets Regulatory Authority (VARA) to conduct crypto asset-related business in the UAE. The scope of Revolut’s approval includes brokerage and dealing, asset management and investment, as well as cryptocurrency trading services. Revolut stated that in the future, users in the UAE will be able to buy, sell, and hold digital assets through the Revolut App and the Revolut X trading platform. (Cointelegraph)
Revolut has received Approval in Principle from the UAE Virtual Assets Regulatory Authority to provide crypto services such as brokerage, investment, and exchange locally.
According to The National, UK fintech company Revolut has received in-principle approval from the Dubai Virtual Assets Regulatory Authority to provide cryptocurrency-related services in the UAE, with business scope including brokerage and proprietary trading, asset management and investment, and exchange operations. Revolut stated that this approval lays the foundation for launching virtual asset services under a regulated framework.
the European Central Bank (ECB) has selected 36 banks and payment companies to participate in the digital euro pilot project, preparing for the potential issuance of a Central Bank Digital Currency (CBDC) possibly in 2029. Selected institutions include Deutsche Bank, Revolut, Adyen, SumUp, UniCredit, and Worldline. The list was selected from 50 applicant institutions.The digital euro pilot program is scheduled to launch in the second half of next year, lasting for 12 months. It will test the Beta version of the digital euro across various payment scenarios, including: online person-to-person transfers, offline payments, in-store payments, and e-commerce payments. The pilot scope will cover the ECB and the central banks of 19 eurozone countries. ECB employees and staff from national central banks will participate as users, while some restaurants, cafes, and online merchants will support digital euro payments.Although the digital euro currently lacks legal tender status, its design will closely align with the relevant legislative framework being developed by the European Union. The ECB stated that the final decision on whether to issue a digital euro will await the passage of relevant regulations and a decision by the ECB's Governing Council.One of the key reasons for the ECB's push for a digital euro is concern that the development of private dollar-pegged stablecoins could impact Europe's monetary sovereignty. In recent years, dollar-backed stablecoins like Tether's USDT and Circle's USDC have grown rapidly in global payment volumes, drawing the attention of European regulators to financial autonomy.However, the CBDC project still faces privacy controversies. Some privacy advocacy groups worry that a central bank digital currency could lead to transaction tracking or even pose a risk of restricted account access. In contrast, the United States has recently passed laws restricting the Federal Reserve System from issuing a digital dollar before the end of 2030.Currently, Europe's digital euro project is entering its practical testing phase, while EU legislative bodies are advancing the relevant legal framework. If the regulatory process proceeds smoothly, the digital euro could potentially be officially launched as early as 2029. (CoinDesk)
According to Cointelegraph, crypto-friendly digital banking platform Revolut announced that it will cease support for USDT in the European Economic Area (EEA) and Swiss markets by August 31, 2026, with other markets remaining unaffected. Revolut stated that this move stems from regular reviews of crypto services and risk considerations under the EU MiCA regulatory framework. Currently, Revolut has already removed USDT trading pairs for EEA users from its Revolut X trading platform. It is worth noting that Switzerland is not a member of the EU or EEA and is not directly bound by MiCA, yet Revolut has not provided an explanation for including Switzerland in the affected markets. This delisting decision aligns with the overall trend of crypto platforms in the EU—since Tether chose not to apply for authorization under the MiCA framework, multiple platforms have successively delisted USDT.
Odaily Planet Daily reports that digital bank and fintech platform Revolut has notified some users that it will officially delist the dollar stablecoin Tether (USDT) after August 31, 2026, and will automatically convert users' remaining holdings into their base fiat currency at the exchange rate of that day.According to the official notice, Revolut will suspend USDT purchase services starting July 6, and will halt USDT deposits after July 30, at which point any incoming USDT transfers will be directly rejected.If users have not sold or withdrawn their USDT by the end of August, their holdings will be automatically converted by the system into the account's base currency. The company attributes this adjustment to "regulatory and risk-related considerations," but has not specified the exact regulatory framework triggering the move.This move reflects the trend of fintech platforms continuously tightening the scope of access to related assets amid the changing global regulatory environment for stablecoins. Previously, trading platforms including Coinbase have delisted USDT in the European market to comply with the EU's MiCA regulatory framework.Currently, Revolut has not clarified whether this policy applies to all regions, but the company has obtained an EU Crypto Asset Service Provider (CASP) license, indicating it is strengthening its compliance-oriented product structure adjustments. (Cointelegraph)
According to Bloomberg, crypto-friendly digital bank Revolut has announced that it has obtained the relevant license approval from the Central Bank of the United Arab Emirates, marking the beginning of its expansion into the Middle East region.
Revolut 计划在其预计明年推出的美国银行中提供稳定币及 FDIC 保险账户服务，该公司已于 3 月申请美国国家银行牌照。
digital bank Revolut has announced that its trading division, Revolut Trading Ltd, has received an extension of permissions approved by the UK Financial Conduct Authority (FCA). This allows the company to launch more comprehensive investment and wealth management services in the UK market.Under the newly approved Variation of Permissions (VoP) license, Revolut can now manage investment portfolios for clients and participate in certain transactions as a principal. This means the platform will be able to offer leveraged investment products, professionally managed portfolios, and customized wealth management services for high-net-worth users. These features will be integrated into its mobile application, alongside daily banking and payment tools.It is reported that Revolut plans to further introduce AI-driven portfolio recommendation tools as it continues its transformation into a "one-stop financial platform." Earlier this year, Revolut officially obtained a full UK banking license. Analysts believe the FCA's approval demonstrates the company's enhanced maturity as a regulated financial institution and reflects the accelerating competition between fintech companies and traditional banks and wealth management firms. (Crowdfundinsider)
According to CoinDesk, citing the Financial Times, Revolut—the largest fintech company in Europe and a crypto-friendly platform—has informed investors that its target valuation range for its IPO is $150 billion to $200 billion, with the earliest possible listing date no earlier than 2028. Previously, in November 2025, the company completed a share sale at a valuation of $75 billion—representing over a 125% increase from that figure. Meanwhile, Revolut is reportedly preparing for a secondary share sale in the second half of 2026, with an expected valuation of approximately $100 billion. Financially, the company’s pre-tax profit for 2025 rose 57% year-on-year to £1.7 billion (approximately $2.3 billion). On the operational front, Revolut obtained a full UK banking license in March this year and has applied to the U.S. Office of the Comptroller of the Currency (OCC) for a U.S. banking license, accelerating its global market expansion. However, insiders indicate that a formal valuation target has not yet been finalized.
Odaily News: According to sources, UK-based digital bank Revolut plans to seek a valuation between $150 billion and $200 billion in its future IPO, a significant increase from its previous $75 billion valuation. The company's CEO, Nik Storonsky, also revealed that Revolut is preparing for a new round of secondary share sale in the second half of 2026, with a potential valuation exceeding $100 billion. (Financial Times)Previously, Nik Storonsky stated that the company's listing timeline is at least two years away, potentially delayed until 2028 at the earliest, with no immediate IPO plans. He pointed out that Revolut is currently focusing on expanding its presence in the US market, including applying for a banking license to gain access to the Federal Reserve's payment system and expand its lending and credit card businesses. Meanwhile, the company has already obtained a full banking license in the UK.
According to Crypto Briefing, Nik Storonsky, CEO of Revolut—the largest fintech company in Europe—told David Rubenstein in a recent interview that the company’s IPO is still at least “two years away,” meaning it would not go public before 2028 at the earliest. Prior to its IPO, Revolut will continue offering liquidity to employees and early investors via secondary share sales; a new round of such transactions is reportedly slated for 2026. The company’s latest valuation stands at $75 billion. Meanwhile, Revolut is actively expanding into the U.S. market and has completed its second application for a U.S. banking charter. If approved, it would gain direct access to the Federal Reserve’s payment systems and be able to offer loans and credit cards to U.S. customers.