Gibraltar grants DLT permission to Revolut as it pushes beyond gaming

Gibraltar has granted Revolut Global Digital Assets Limited (RGDAL) a distributed ledger technology (DLT) permission under Part 7 of its Financial Services Act, covering virtual asset order transmission and execution, custody, and staking. For PSPs and crypto businesses watching the jurisdiction, the signal is straightforward: Gibraltar is still trying to sell itself as a regulated base for non-gaming activity while its legacy gaming sector absorbs higher UK taxes.

1. On 19 October, the Gibraltar government said RGDAL had received the permission from the Gibraltar Financial Services Commission (GFSC). The authorisation covers transmitting and executing virtual asset orders, virtual asset custody and staking.
2. The government also said three DLT permissions are expected to be issued during the course of this week, but it did not name the firms and did not say whether Revolut’s permission was one of them.
3. Separately, Gibraltar confirmed that Revolut has fully resumed onboarding Gibraltar residents to its e-money and payments app, without saying why onboarding had been paused.
4. Minister for Trade and Industry Nigel Feetham called the permission “an important development for Gibraltar’s virtual asset sector” and said continued interest from major international firms showed the territory’s appeal for businesses seeking “regulatory certainty and a clear framework within which to innovate and grow”. He said the developments were the result of “constructive engagement and close collaboration between Revolut, the government and the GFSC”.
5. RGDAL joins Revolut Ltd in the UK and Revolut Digital Assets Europe Ltd, which covers the European Economic Area under the EU’s MiCA regime, as Revolut’s regulated crypto entities. Revolut says it has more than 80 million retail customers, but has not said which markets RGDAL will serve or when.

Gibraltar introduced its DLT framework in 2018 and has since moved into adjacent sectors. In March, it licensed Predict Street, the operator behind ADI Predictstreet, as its first prediction market operator, and in July it published dedicated Prediction Market Regulations 2026. The timing matters because the territory’s gaming sector is under pressure from UK tax changes: remote gaming duty rose from 21% to 40% on 1 April, and the remote betting rate of general betting duty increases from 15% to 25% in April 2027. Lottoland and Bet365 have both launched job-cut consultations affecting Gibraltar staff.