Global fintech giant Revolut has officially filed for a U.S. national bank charter, paving the way to launch a fully operational bank branch in the United States by next year. The company, which already serves over 75 million customers worldwide, aims to combine traditional insured banking with a broad suite of digital asset services—including cryptocurrency trading, stablecoin deposits, and multi-currency accounts.
According to a Reuters report, the application was submitted to the Office of the Comptroller of the Currency (OCC) in early March 2026. If approved, the bank would be based in Stamford, Connecticut, with an additional office in New York. Rather than opening physical branches, Revolut plans to provide customers access to nationwide ATM networks, keeping its digital-first approach.
The product lineup will include FDIC-insured checking accounts, high-yield investment accounts, stock trading, crypto trading, and stablecoin services. Revolut U.S. CEO Cetin Duransoy told Reuters the initial focus will be on retail and business clients with international banking needs, particularly those dealing with multiple currencies like dollars, rupees, or Latin American currencies. The Revolut app already supports over 30 currencies.
Revolut’s decision to integrate stablecoins and crypto trading directly into its banking platform underscores a broader trend of fintech firms blending traditional finance with digital assets. The move comes as U.S. regulators, including the OCC, have adopted a more receptive stance toward crypto-linked charter applications. Notably, Kraken recently obtained a “skinny” master account with the Federal Reserve, granting it direct access to core payment systems.
In a related development, Revolut has expanded its crypto infrastructure by tapping Polygon (POL) to support remittances, POL staking, and crypto card payments within its main app. This partnership highlights the company’s commitment to blockchain-based financial services and could drive further adoption of Polygon’s network.
The privately held fintech, valued at $75 billion in its latest funding round, reported revenue of 4.5 billion pounds (about $6 billion) and a net profit of 1.3 billion pounds (about $1.75 billion) last year. CEO Nik Storonsky has indicated that the company does not plan to list shares before 2028, signaling a long-term focus on organic growth and regulatory expansion.
For American consumers and the broader crypto industry, Revolut’s entry into U.S. banking with insured deposits and digital asset capabilities represents a significant step toward mainstream integration. If successfully executed, it could intensify competition among traditional banks and accelerate the convergence of legacy finance with the crypto economy.
