# Revolut is launching a private banking unit in the UK and Europe this summer with a £500,000 threshold.

*fintech · news · 2026-05-14 · TNW*

## Key points

- Revolut will launch a private banking unit this summer targeting clients with £500,000+ assets.
- Revolut received UK regulatory approval for portfolio management and leveraged investment products on the same day.
- Blackstone and Revolut are discussing a partnership to offer Blackstone funds to Revolut's private banking clients.
- Revolut's private banking unit targets the mass-affluent segment abandoned by Coutts and UBS's higher thresholds.
- Storonsky confirmed Revolut's Nasdaq IPO is about two years away, with valuations discussed up to $200 billion.

**Companies:** Revolut
**Countries:** United Kingdom, Lithuania, Mexico, United States, France

[Read the full story on TNW](https://thenextweb.com/news/revolut-private-bank-wealth-management-ipo)

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