1 hour ago
The licence would let the steadfast to run similar a accepted slope and summation nonstop entree to outgo networks similar Fedwire and ACH.
Mar 5, 2026, 1:08 p.m.
Revolut, the U.K. fintech elephantine that offers crypto trading, filed an exertion for a U.S. banking licence with the Office of the Comptroller of the Currency (OCC), a cardinal measurement successful its propulsion to grow successful the American fiscal system.
If approved, the licence would let the London-based institution to run much similar a accepted slope successful the world's largest economy. The institution said it would summation nonstop entree to outgo networks specified arsenic Fedwire and the Automated Clearing House (ACH), systems that determination trillions of dollars betwixt banks each year.
A licence could besides unfastened the doorway to lending products, including recognition cards and idiosyncratic loans. Today, Revolut offers banking services successful the U.S. done Lead Bank, a Kansas City-based partner. That statement allows it to supply accounts and payments without holding its ain charter.
The filing comes aft Revolut dropped its plans to bargain a U.S. bank successful January to alternatively get a de novo banking license, which allows banks to commencement up from scratch.
It besides comes a time aft Kraken became the first cryptocurrency speech to unafraid a Federal Reserve “master account,” which gives its banking limb nonstop entree to the Fed’s halfway outgo system.
Revolut, valued astatine about $75 billion, has said the U.S. marketplace is cardinal to its extremity of gathering a planetary integer bank. Approval of a charter would people 1 of the company’s biggest regulatory milestones extracurricular Europe.
The crypto-friendly slope secured a restricted U.K. banking license successful 2024 and holds banking licenses elsewhere. It isn’t a bank, however, successful each portion wherever it operates.
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ZeroHash applies for nationalist spot slope charter to grow regulated stablecoin services
A charter would let ZeroHash to run nether a azygous national framework, alternatively than state-by-state rules and connection services aligned with caller legislation.
What to know:
- ZeroHash, a Chicago-based crypto company, applied for a National Trust Bank Charter from the OCC, seeking national oversight for its stablecoin and integer plus services.
- A charter would let ZeroHash to run nether a azygous national model alternatively than state-by-state rules, and connection services aligned with caller legislation.
- ZeroHash follows different firms similar Stripe, Crypto.com, and Circle Internet successful receiving akin approvals.
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