Revolut received FCA approval on May 14 to offer private wealth services and leveraged products in the UK.
summary
- The Financial Conduct Authority (FCA) has granted Revolut Trading a variety of permissions to enable managed investments and principal trading for the first time.
- Revolut plans to launch a private banking unit in the UK this summer with a deposit limit of £500,000.
- The move follows the granting of a banking license to Revolut in the UK in March 2026 and the securing of a MiCA cryptocurrency license through Cyprus.
Victoria Lavie, chief operating officer at Revolut Trading, said the new permissions are “the missing piece that allows us to unify investment, advisory and portfolio management under one roof, making them more accessible.”
Permissions differ Gives Revolut Trading organizational tools for client portfolio management and principal dealing, enabling leveraged investment products, discretionary portfolio management and advisory services to retail, professional and high net worth clients under one platform.
FCA approval unlocks boost for wealth management
revolution beat Full UK banking license from the Prudential Regulation Authority in March 2026 after a three-year application process. The license transformed the fintech from an electronic money institution into a fully regulated bank, providing the legal foundation required to expand into wealth management and lending.
The company is reportedly planning to set up a private banking unit later this summer, targeting customers with deposits of at least £500,000. The minimum would put Revolut between Coutts, which recently raised its threshold to £3m, and the large swath of the wealthy left largely disadvantaged by traditional private banks.
Revolut’s wealth division has become a major revenue contributor. Company Believer MiCA licenses crypto through Cyprus in October 2025, giving it access to 30 markets in the European Economic Area for regulated cryptocurrency services. More than 10 million customers already own or trade cryptocurrencies on the platform.
The FCA permissions are coupled with Revolut’s wider regulatory expansion. Company Applied for a US national banking charter in March 2026, targeting access to US payment methods and credit products ahead of a planned IPO in 2028. The company’s wealth revenue rose 31% to $876 million in 2025, with cryptocurrency activity cited as an important driver.
