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Saturday, October 24, 2026 · UTC
Crypto

Revolut Bank US Application Remains Pending Amid Crypto Charter Approvals

Revolut's application for a full-service US national bank remains pending while regulators approve crypto trust charters.

TruthFoundry News Desk
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Stands on 8 placed sources from 2 publishers.
As of 2026-09-05 01:00 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.
Revolut's application seeks a full-service insured national bank charter, whereas the crypto firms received narrower national trust-bank approvals focused on custody and reserves. [1][2][4] Federal regulators conditionally approved or converted bank charters for Circle, Ripple, Coinbase, Paxos, BitGo, and other crypto firms during the same period. [3] The proposed Revolut Bank US would offer deposit accounts, credit cards, consumer and commercial lending, cross-border payments, and investment services. [5] Revolut CEO Nik Storonsky stated that the conditional OCC approval provides a foundation to build banking infrastructure in the world's largest financial market. [6] Revolut must still satisfy OCC conditions and obtain approvals from the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve before it can start banking operations. [7] OCC Chief Jonathan Gould stated that entities engaging in activities involving digital assets should have a pathway to become federally supervised banks if they meet requirements. [8]
Proof8 sources · 2 publishers
What this stands on
  1. Revolut filed an application with the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) on March 4 to establish Revolut Bank US as an insured national bank. · cryptoslate.com
  2. The Office of the Comptroller of the Currency (OCC) granted Revolut conditional approval to establish a national bank in the United States. · AMBCrypto
  3. Federal regulators conditionally approved or converted bank charters for Circle, Ripple, Coinbase, Paxos, BitGo, and other crypto firms during the same period. · cryptoslate.com
  4. Revolut's application seeks a full-service insured national bank charter, whereas the crypto firms received narrower national trust-bank approvals focused on custody and reserves. · cryptoslate.com
  5. The proposed Revolut Bank US would offer deposit accounts, credit cards, consumer and commercial lending, cross-border payments, and investment services. · cryptoslate.com
  6. Revolut CEO Nik Storonsky stated that the conditional OCC approval provides a foundation to build banking infrastructure in the world's largest financial market. · AMBCrypto
  7. Revolut must still satisfy OCC conditions and obtain approvals from the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve before it can start banking operations. · AMBCrypto
  8. OCC Chief Jonathan Gould stated that entities engaging in activities involving digital assets should have a pathway to become federally supervised banks if they meet requirements. · AMBCrypto
We could not place any of them by their address. None is an official body: that part stands on reporting, not on the underlying document or transcript.
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