Crowdfund Insider reported that neobank Revolut, which provides cryptocurrency and crypto-stock investment services, has obtained additional license approval from the UK Financial Conduct Authority (FCA) to expand its investment and asset management services. With this license approval, Revolut can directly manage client asset portfolios and perform proprietary trading in some transactions. Accordingly, the company explained that it plans to launch leveraged investment products, professionally managed portfolios, and customized wealth management services for high-net-worth individuals in the UK market in the future.
