Key Points
- The fintech giant is considering a secondary share sale during the latter half of 2026 amid strong pre-IPO interest
- Existing stakeholders are advocating for a minimum $100 billion price tag in upcoming funding rounds
- The company aims for no less than $150 billion in market capitalization when going public
- A British pound-backed digital currency will undergo testing via the FCA’s regulatory sandbox
- Trial applications will span payment processing, institutional settlements, and digital asset exchanges
The London-headquartered financial technology company is exploring a potential equity offering in late 2026, with existing and prospective investors eager to participate before a stock market debut, according to a Wednesday report from Bloomberg.
The British digital banking platform achieved a $75 billion valuation through multiple transaction rounds completed in 2025, marking a significant jump from its $45 billion appraisal the previous year. Any upcoming funding activity would extend this upward trajectory.
Stakeholders have been advocating strongly for a fresh capital raise that would establish the company’s worth at a minimum threshold of $100 billion. The structure would likely mirror the hybrid approach employed in earlier rounds.
These discussions remain preliminary at this stage. The company has yet to finalize details regarding the scale or schedule of any potential transaction.
When pursuing a stock market listing, the fintech is seeking a market capitalization starting at $150 billion, based on information from sources with direct knowledge.
Financial analysts and institutional investors have been monitoring the firm’s capital-raising activities with keen interest, with widespread expectations of an eventual public market filing.
Sterling-Pegged Digital Token Trials Begin
Also announced Wednesday, the United Kingdom’s Financial Conduct Authority revealed that the fintech would participate in its experimental framework to develop and assess a cryptocurrency token anchored to sterling.
The testing phase will proceed concurrently with three additional participants: Monee Financial Technologies, ReStabilise, and VVTX. Proposed applications being evaluated encompass payment transactions, large-scale institutional settlements, and cryptocurrency exchange operations.
Revolut announced it would commence development on the digital currency “this quarter.” An insider with knowledge of the initiative confirmed the primary emphasis will be on creating a pound-denominated token.
The regulatory sandbox framework enables participating companies to trial stablecoin offerings within parameters established and monitored by financial authorities.
British Financial Institutions Show Hesitation
The United Kingdom’s established banking sector has demonstrated considerably more restraint regarding stablecoin adoption compared to competitors across Europe and North America. Bank of England chief Andrew Bailey has publicly favored tokenized deposits built on distributed ledger technology rather than traditional stablecoins.
The central bank advised financial institutions in 2023 that any digital currency they develop should be marketed under distinct branding, preventing consumer confusion regarding deposit insurance coverage.
The fintech currently operates under a conditional UK banking authorization obtained in 2024. Full licensing approval remains pending.
Global stablecoin transaction volumes have experienced substantial expansion in recent years. Tether, headquartered in El Salvador, maintains over $180 billion worth of its US dollar-linked token in active circulation.
European stablecoin alternatives, encompassing those connected to the euro, pound sterling, and Swiss franc, represent under 0.2% of worldwide market activity, according to October figures from the Association for Financial Markets in Europe.
The company secured its provisional UK banking credentials in 2024 and continues working toward unrestricted authorization.
