Zama’s privacy token lands on Revolut X, tapping 70M users

On August 11, 2026, French startup Zama officially listed its privacy-focused token on Revolut X, giving 70 million customers across 40 markets direct access to a new asset purpose-built for onchain confidentiality. The move underscores the growing convergence between mass-market fintech and decentralized infrastructure, while reigniting debate over the regulatory treatment of privacy-oriented crypto assets.

Zama’s privacy token lands on Revolut X

Founded in France, Zama has built its reputation on pioneering work in Fully Homomorphic Encryption (FHE), a technology that allows computations to be performed on encrypted data without prior decryption. The project joins a broader cohort of onchain-privacy initiatives (Aleo, Railgun, Tornado Cash before sanctions) that seek to balance blockchain transparency with user data protection.

By listing on Revolut X, Zama gains a powerful distribution channel: rather than relying solely on native crypto users, the token becomes accessible to a massive and diversified retail base. For analysts, the listing is a real-world test of retail appetite for privacy assets within an increasingly regulated framework.

 » Listing a privacy token on a regulated platform like Revolut X marks a turning point: onchain privacy is moving from the underground to mainstream distribution. « 

Analyst, European crypto research firm

Revolut and Polygon: surging stablecoin volumes

Alongside the Zama news, data published by Polygon Technology on March 26, 2026 confirms that Revolut crossed the $1.2 billion mark in stablecoin volume on the Polygon network. Across full-year 2025, Revolut’s stablecoin payment volumes grew +156% year-over-year, reaching roughly $10.5 billion across all supported blockchains.

Polygon captures a meaningful share of Revolut’s monthly onchain volume, primarily because transaction costs are dramatically lower than on rival networks. The table below compares average gas fees across the main blockchains used by the fintech.

Beyond settlement, Polygon now offers the Open Money Stack, an end-to-end integrated infrastructure for global stablecoin payments. The stack bundles institutional wallets, regulation-compliant on-ramps and off-ramps, and cross-chain orchestration (gateways between blockchains). According to cited figures, Paxos, Revolut’s US partner, processed $1.3 billion in volume on Polygon, a 50x growth in twelve months.

Revolut targets a US national bank charter

In the same regulatory-anchoring logic, Revolut filed applications for a US national bank charter with the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC). The goal: to operate as Revolut Bank US, N.A. If granted, the charter would unlock several strategic advantages.

• Direct access to Fedwire (the Federal Reserve’s interbank payment system) and ACH (Automated Clearing House)
• Ability to offer FDIC-insured deposits, boosting trust among US customers
• A single federal framework enabling operations across all 50 US states without state-by-state licensing

Financially, Revolut targets $9 billion in revenue and $3.5 billion in profit for FY 2026, with a $75 billion valuation stemming from a secondary transaction completed in November 2025. These targets reflect the fintech’s growing maturity, now valued at levels close to those of some traditional European banks.

Revolut X: a platform built for digital-asset trading

Built to serve Revolut’s crypto-active customers, Revolut X positions itself as a competitive spot trading venue. Its fee schedule is aggressive: 0% for maker orders (liquidity providers, who add orders to the book) and 0.09% for taker orders (liquidity takers, who consume orders from the book). More than 300 tokens are available, including now the Zama token.

The platform integrates advanced TradingView charts and supports AI assistants capable of executing orders via natural-language prompts, a feature that brings Revolut X closer to standards established by algorithmic trading platforms. This conversational-AI layer could accelerate adoption among novice users, while raising questions around safeguards when automated decisions interact with volatile assets.

Conclusion: between onchain confidentiality and regulatory compliance

The listing of the Zama token on Revolut X illustrates the maturation of a hybrid model: distributing confidential crypto assets through regulated fintech infrastructure. For Zama, it ensures broader liquidity; for Revolut, it is a differentiator against competitors like Robinhood or eToro. Two scenarios emerge for the coming months: stable adoption of the token, fueled by Revolut’s 70-million-user base, or tighter regulatory scrutiny (potentially European via MiCA or US via the DOJ) that would curb the distribution of privacy tokens. The final decision on the US bank charter will, in this respect, send a strong signal about Revolut’s ability to serve as a bridge between traditional finance and the onchain economy.

Sources

• The Block – Zama brings blockchain-privacy token to Revolut’s 70M users (August 11, 2026)
• Revolut – Official Revolut X overview
• Polygon Technology – Revolut crosses $1.2B on Polygon (March 26, 2026)
• Mashable – Revolut cryptocurrency expansion in the US
• TradingView – Crypto markets
• Aleo – Aleo token Revolut listing

This article is published for informational and educational purposes only. It does not constitute investment advice. Do your own research (DYOR) before making any decision.