#622
Wall Street’s New Front Door
Published:
Dec 20, 2025
Author:
Sarah Parsons Wolter
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It used to be that access to Blackstone’s strategies came with a wire transfer, a wealth manager, and potentially a yacht. But the world is changing, and quickly. In one of the clearest signs yet of private markets colliding with mobile-first distribution, Blackstone is reportedly in talks with Revolut to plug its funds directly into the neobank’s soon-to-launch private banking platform.
The message is clear: the next chapter of wealth is happening closer to the end user. With 70m users and a growing ambition to serve high net worth clients globally, Revolut could give Blackstone a direct line into a generation of investors who never once stepped inside a Morgan Stanley branch. For Revolut, it's a shortcut to credibility and margin. For Blackstone, it’s access to scale and signal.
This is not just a product partnership - it’s an architectural shift. What Trade Republic, Robinhood, and now Revolut are building isn’t wealth tech, but rather the front end of global alternatives. And the most powerful brands in private capital are lining up to be the pipes behind the screen.
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Wall Street’s New Front Door
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