According to BlockBeats, on July 24, digital bank Revolut plans to sell approximately $500 million worth of employee-held shares. Sources familiar with the matter indicate that this transaction could elevate Revolut's valuation to $45 billion.

Revolut has been in discussions with investment firm Greenoaks regarding this sale. If successfully completed, the deal could pave the way for a potential initial public offering (IPO) for the company.

Early employees of startups often receive stock as part of their compensation, which they can sell when the company goes public. Revolut's move appears to be aimed at allowing employees to cash out their holdings while simultaneously boosting the company's valuation ahead of a potential IPO.