Revolut's Complex Web of Financial Entities Exposed
Revolut Bank UAB, based in Lithuania, has various entities that provide different financial services to its customers. Revolut provides credit, payment, current account, and demand deposit account services.
Cryptocurrency products are offered by either Revolut Digital Assets Europe Ltd (RDAEL), which is licensed by the Cyprus Securities and Exchange Commission as a Crypto Asset Service Provider under EU Regulation 2023/1114 on markets in crypto-assets (MiCA), or Revolut Ltd, authorised by the Financial Conduct Authority.
The company also has entities for insurance distribution and commodities services, with each regulated by the relevant authorities.