Summary
Revolut secured a full French banking license from the ACPR and the European Central Bank, with Paris set to become its Western Europe headquarters. The license marks another step in Revolut's European expansion strategy and deepens its footprint in a major EU market. The news comes alongside Revolut's leadership transition at its European digital-assets entity (Georgios Vasiliou succeeding Costas Michael as CEO of Revolut Digital Assets Europe), reflecting the company's push to move from licensing to operational execution across Europe.
Key Facts
- Revolut secured a full French banking license from ACPR (French regulator) and European Central Bank
- Paris to become Revolut's Western Europe headquarters
- Revolut reported $876 million in wealth-division revenue in 2025, up 31% YoY, with crypto trading/staking important drivers
- Revolut Digital Assets Europe: Costas Michael stepping down as CEO after 4+ years; Georgios Vasiliou (ex-Trading.com) succeeding
- Cyprus-based entity secured Cyprus's first Crypto Asset Service Provider license; achieved MiCA compliance to passport across all 27 EU states
- Supported launches in Italy, Spain, Croatia, Netherlands; team of 50+ in staking, Revolut X, crypto education
- Revolut's advantage: distribution across banking, payments, wealth — crypto as a feature inside a financial super-app
Why It Matters
Revolut securing a full French banking license is a significant step in its European expansion, strengthening its regulated banking footprint in the EU's second-largest economy and establishing Paris as a Western Europe hub. Combined with the digital-assets leadership transition, it reflects Revolut maturing from licensing/expansion to operational execution at continental scale — moving from building regulatory reach to optimizing banking, payments, and crypto operations under full banking supervision.