South Africa FSCA Category I Crypto Asset Service Provider for Sale

Overview

This South African regulated company offers a route into one of Africa’s most developed financial services markets. The entity is an active private company incorporated in 2018 and holds an FSCA Financial Services Provider authorization with approved activity relating to crypto assets.

Based on the currently available regulatory information, the approved crypto-asset scope includes non-automated advice and intermediary services. The company also has approvals for long-term and short-term deposit product categories.

Who it may suit

• Crypto businesses seeking a regulated South African foothold
• Fintech groups exploring market entry through acquisition rather than a new application
• Advisory or intermediary businesses looking for an existing licensed framework
• Strategic buyers wanting a regulated entity for expansion, partnership or restructuring

Key highlights

• Active South African private company
• Registered in 2018
• FSCA-authorised Financial Services Provider
• Category I crypto-asset authorization
• Approved non-automated advice and intermediary activity for crypto assets
• Additional product approvals for long-term and short-term deposits
• Potentially faster route to market than starting from scratch, subject to applicable approvals

Important considerations

Prospective buyers should independently verify the precise scope of the license, the status of key individuals, compliance arrangements, financial position, tax matters, liabilities, and any regulatory approvals or notifications required in connection with a change of control.

This page is provided for preliminary marketing purposes only and does not constitute legal, regulatory, tax or investment advice. Any transaction should proceed only after satisfactory due diligence and appropriate professional advice.

Acquisition process

1. Initial expression of interest
2. NDA and release of the document pack
3. Buyer due diligence and management review
4. Negotiation of key terms and transaction structure
5. Regulatory analysis, approvals or notifications as applicable
6. Completion and handover