Revolut Seeks US Banking Charter in Ambitious Global Expansion

Revolut's decision to apply for a de novo banking license marks a pivotal moment in its push to become a fully regulated global digital bank. The move comes after the company abandoned plans to acquire an existing American bank, opting instead to launch from scratch under full regulatory review.

The US banking license would grant Revolut direct access to key payment networks, including Fedwire and ACH, reducing its reliance on intermediary partners. This strategic pivot also underscores the growing convergence between fintech, banking, and crypto infrastructure.