Revolut Global Digital Assets Limited (RGDAL) has received a distributed ledger technology (DLT) permission from the Gibraltar Financial Services Commission (GFSC), allowing it to provide regulated virtual-asset services in the jurisdiction.
The authorisation covers virtual-asset order transmission and execution, custody and staking. This move follows Gibraltar positioning as a regulatory hub for digital assets while its established gaming sector faces higher UK gambling taxes and employment reductions.
Revolut’s Gibraltar Authorisation Covers Several Regulated Virtual-Asset Services
RGDAL received its permission under Part 7 of Gibraltar’s Financial Services Act. The approval allows the company to transmit and execute orders involving virtual assets, provide custody services and offer staking products.
Gibraltar expected three DLT permissions to be issued during the same week, although it did not identify the other applicants or confirm whether Revolut was among the firms included in that wider announcement.
Revolut has also fully resumed onboarding Gibraltar residents to its e-money and payments application. The company has not explained why onboarding was previously paused.
Government And Revolut Executives Highlight Gibraltar’s Regulatory Framework
Gibraltar’s Minister for Trade and Industry Nigel Feetham described the approval as “an important development for Gibraltar’s virtual asset sector”.
“The continued interest of major international firms, alongside the issuance of further DLT permissions, demonstrates the attractiveness of Gibraltar as a jurisdiction for businesses seeking regulatory certainty and a clear framework within which to innovate and grow,” he added.
Feetham said the approval followed “constructive engagement and close collaboration between Revolut, the government and the GFSC”.
Revolut general manager for crypto and new bets Emil Urmanshin said the authorisation reflected the company’s commitment to “operating at the highest standards of regulatory compliance”. He also described Gibraltar as “an ideal jurisdiction to support our global operational framework”.
Chief Minister Fabian Picardo said Gibraltar had “long led the way in establishing a rigorous regulatory environment for DLT firms”.
RGDAL Joins Revolut’s Existing UK And European Crypto Entities
The Gibraltar entity joins Revolut Ltd in the UK and Revolut Digital Assets Europe Ltd, which operates under the European Union’s Markets in Crypto-Assets framework.
Revolut says it serves more than 80 million retail customers globally. However, it has not confirmed which markets will be served by RGDAL or when the Gibraltar-based entity will begin offering its full range of services.
Gibraltar introduced its DLT framework in 2018. In March, the jurisdiction licensed Predict Street as its first prediction-market operator and later published the Prediction Market Regulations 2026.
Diversification Comes As Gibraltar’s Gaming Sector Faces Higher Costs
Gibraltar’s expansion into digital assets and prediction markets comes as the industry faces increasing pressure from UK tax changes. The UK remote gaming duty increased from 21% to 40% on 1 April, while remote betting general duty is scheduled to rise from 15% to 25% in April 2027.
Lottoland and Bet365 have launched consultations over job reductions affecting Gibraltar staff, while Entain is cutting around 400 customer-care roles, including positions in the territory.
Feetham said in June that the new Gambling Act had attracted interest from prediction-market, digital-asset and stablecoin businesses. He added that diversification would not diminish Gibraltar’s established operators.
The UK Autumn Budget on 28 October will provide another test for the sector, with six Betting and Gaming Council chief executives asking Chancellor John Healey to pause the planned betting-duty increase.
Revolut’s permission strengthens Gibraltar’s strategy of broadening its financial-services base beyond traditional gaming. The approval gives the territory another major regulated name in digital assets, while the company gains a jurisdiction with an established compliance framework.
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