Revolut Shifts Strategy from US Bank Merger to Standalone License, Potentially Accelerating Crypto Expansion

Revolut, the UK-based fintech giant valued at $75 billion, has abandoned plans to acquire a US bank and will instead pursue an independent banking license through the Office of the Comptroller of the Currency. This strategic pivot reflects softening regulatory attitudes toward fintech and crypto firms in Washington.

The company had spent most of 2025 exploring acquisitions that WOULD have granted immediate nationwide lending capabilities. However, Revolut now believes a direct license application may prove faster as regulatory headwinds diminish. The move could significantly streamline its US expansion and crypto service offerings.

Market observers note the timing coincides with increasing institutional crypto adoption, particularly for cross-border payments and digital asset custody - services Revolut could potentially offer through its banking charter. The fintech's crypto-friendly stance positions it to capitalize on growing demand for regulated digital asset platforms.