Revolut gets conditional US national bank charter approval

Revolut has secured conditional approval for a US national bank charter from the Office of the Comptroller of the Currency, as announced by founder and CEO Nik Storonsky. The conditional status means the fintech still faces additional requirements before the charter becomes final, but the milestone represents a significant step toward operating as a regulated bank in the US market.

The approval potentially positions Revolut to compete more directly with traditional banking incumbents while creating pathways to integrate digital assets into conventional banking infrastructure. This move underscores the broader fintech industry's push toward deeper regulatory integration rather than operating at the margins of the financial system.

• Revolut cleared a conditional hurdle with US banking regulators, signaling progress toward full national bank status but stopping short of unrestricted operation.
• The charter could enable the company to offer services and products that challenge legacy banks while bringing crypto and digital assets closer to mainstream financial rails.
• The development reflects how fintech firms are increasingly pursuing formal banking licenses rather than relying solely on alternative regulatory pathways.