Revolut prepares to obtain a de novo national banking charter in the United States, according to a report by the Financial Times on Friday. The move represents one of the most significant shifts in its U.S. strategy with the company showing that it no longer had their previous plan of acquiring an existing lender as a way of nationwide entry.
The change is preceded by internal reviews of regulatory and operational requirements relating to community bank takeovers. According to Revolut, the barriers are branch-maintenance requirements and further ownership approval procedures. These results lead the company to a direct charter application under Office of the Comptroller of the Currency.
OCC Changes Align With Revolut’s Updated U.S. Plan
The OCC’s updated licensing framework aligns with the company’s new direction. The agency speeds up multiple reviews of the banking charters following company reforms.
It is also giving conditional approvals to companies that deal with digital assets such as BitGo, Circle, Fidelity Digital Assets, Paxos, and Ripple. These events provide a more coherent way through which Revolut can move in the U.S.
Revolut stresses the fact that the United States is one of the fundamental markets in terms of long-term growth. According to the company, it plans to have a complete banking operation in the country. It is still reviewing several regulatory alternatives and the de novo application route remains open.
The firm advances these plans with fresh financial backing. In November 2025, the firm completes a share sale led by Coatue, Greenoaks, Dragoneer, and Fidelity Management & Research Company.
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The round values Revolut at $75 billion, reflecting a substantial increase from its 2024 valuation of $45 billion. The funding strengthens its wider expansion strategy.
Revolut Expands Its EU Licensing
The company expands its regulatory footprint in Europe as it proceeds with its U.S. efforts. Revolut secures a Markets in Crypto-Assets license, allowing it to offer crypto services across all 30 markets of the European Economic Area. The approval broadens its operational scope and supports uniform compliance across the bloc.
The platform builds on its digital-asset ecosystem with Revolut X. At the end of 2024, the company introduces a desktop crypto exchange to UK and EEA consumers. It then launches a mobile version in March 2025 to widen the access of users and enhance flexibility in trading.
The company expands its crypto offerings by partnering with Trust Wallet. Through the partnership, instant purchases of cryptocurrency in the European Union can be made, and in some instances, without any fees. The functionality is consistent with the wider digital finance strategy of the firm.
The company is also getting MiCA authorization through Cyprus. The license enhances its role in controlled crypto markets. It strengthens the efforts of the firm to deliver its services in compliance with the stipulations as it continues to grow in Europe and prepare the next move in the United States.
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