Financial technology enterprise Revolut announced it has acquired preliminary clearance from a major American banking authority in its pursuit of domestic banking status.
On Thursday, Revolut attained conditional green light status from the U.S. Office of the Comptroller of the Currency while advancing toward its goal of directly providing financial services, ranging from loans and credit cards to stablecoins, to clients, based on a statement.
Revolut Chief Executive Officer Nik Storonsky described this conditional authorization as “a significant initial milestone.”
“It establishes the groundwork for us to construct our presence within the globe’s premier financial arena and deliver the complete Revolut platform to countless US citizens,” Storonsky expressed within the press release.
Throughout past years, Revolut has successfully acquired banking permits in the United Kingdom, France, and Australia, according to the firm.
This clearance arrives as an increasing quantity of digital asset and tech enterprises pursue banking charters domestically. Across the prior twelve months, the OCC has issued conditional nods to Coinbase, Paxos, BitGo, Ripple, and Circle whilst adopting a supportive posture toward the sector. During the preceding month, the OCC additionally provided conditional approval to World Liberty Financial, an enterprise supported by President Donald Trump’s relatives, which provoked examination regarding potential ethical dilemmas.
The leading official of the OCC, Jonathan Gould, previously stated that organizations participating in digital currencies and alternative emerging innovations ought to “possess a pathway to achieve federally overseen financial institution status.”
Beginning in the year 2025, the OCC has been presented with 40 de novo charter submissions, granting 21 of those requests while rejecting two.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Originally published at https://www.theblock.co/news/regulation/2026-09-03-revolut-takes-important-step-toward-becoming-a-us-bank-with-conditional-occ-approval-413474.
