Revolut Enters Crypto Market with Two Entities: RDAEL and Revolut Ltd
Revolut Bank UAB, established in Lithuania, is licensed by the European Central Bank and regulated by the Bank of Lithuania. The bank provides various services including credit, payment, current account, and demand deposit accounts.
The company also offers insurance distribution services through Revolut Insurance Europe UAB, authorized as an insurance broker undertaking by the Bank of Lithuania.
Revolut Ltd is authorized by the Financial Conduct Authority under the Electronic Money Regulations 2011 and provides cryptocurrency products through either Revolut Digital Assets Europe Ltd (RDAEL) or itself.