Revolut received FCA approval on May 14 to offer private wealth services and leveraged products in the UK.
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The FCA has granted Revolut Trading a range of permissions to enable managed investments and principal trading for the first time. Revolut plans to launch a UK private banking arm this summer with a deposit threshold of £500,000. The move follows the granting of Revolut’s UK banking license in March 2026 and the MiCA crypto license secured through Cyprus.
Victoria Laffey, head of operations at Revolut Trading, said the new permission was “the missing piece that allows us to bring together investment, advisory and portfolio management under one roof, and makes them even more accessible”.
The privilege variations provide Revolut Trading with regulated tools to manage clients’ investment portfolios and trade as principal, enabling leveraged investment products, discretionary portfolio management and advisory services for retail, professional and high-net-worth clients within a single platform.
FCA approval begins wealth management promotion
Revolut received a full UK banking license from the Prudential Regulation Authority in March 2026 following a three-year application process. The license transformed the fintech from an electronic money institution to a fully regulated bank, providing the legal foundation needed to expand into asset management and lending.
The company is reportedly planning a private banking arm for customers with deposits of at least £500,000 later this summer. The minimum value would place Revolut between Coutts, who recently raised its threshold to £3m, and the mass affluent segment, which is largely underserved by traditional private banks.
Revolut’s wealth division is a major revenue contributor. The company secured a MiCA crypto license through Cyprus in October 2025, giving it passport access to 30 European Economic Area markets for regulated crypto services. More than 10 million customers already hold or trade cryptocurrencies on the platform.
The FCA’s permission is coupled with broader regulatory expansion for Revolut. The company filed for U.S. National Bank Charter in March 2026, targeting access to U.S. payment rails and credit products ahead of a planned IPO in 2028. The company’s asset income will increase 31% to $876 million in 2025, citing cryptocurrency activity as a key driver.
