Crypto-friendly bank Revolut applies for a US banking license, aiming to create a global digital bank

MarsBitNews · 2026-03-05T14:42:22+00:00

Crypto-friendly bank Revolut has applied for a banking license with the Office of the Comptroller of the Currency (OCC). If approved, it will be able to operate in the U.S. and connect to the core payment networks, expanding banking services such as credit cards and loans. Currently, Revolut in the U.S. relies on partnership with Lead Bank to provide services, with an estimated valuation of approximately $75 billion. Successfully obtaining the license will be a significant milestone in its global expansion.

MarsBitNews

2026-03-05 14:42:22

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Revolut, a crypto-friendly bank, has applied for a U.S. banking license with the Office of the Comptroller of the Currency (OCC). If approved, the company will be able to operate in the U.S. similarly to a traditional bank and connect directly to core payment networks like Fedwire and Automated Clearing House. The license will also enable Revolut to offer more banking services, including credit cards and personal loans. Currently, Revolut provides account and payment services in the U.S. through a partnership with Lead Bank, but it does not hold a banking license itself. Revolut is valued at approximately $75 billion, and the company states that the U.S. market is a key region for its global expansion. If successful, this will be one of its most significant regulatory milestones outside Europe.

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