SALVUS completes sale of CASP licensed by FSCA as Cat I & II FSP

SALVUS is pleased to announce the successful completion of the sale of a newly authorised Financial Services Provider (FSP) in South Africa, licensed under the Financial Advisory and Intermediary Services Act, 2002 (FAIS) by the Financial Sector Conduct Authority (FSCA).

The entity featured a wide scope combination of regulatory of permissions, including Category I, Discretionary Category II, and the coveted crypto product for Crypto Asset Service Provider (CASP) services offering. The buyer acquired an immediately compliant platform for both traditional financial services and crypto‑asset activities.

This brand‑new licence, without prior operational history, a clean regulatory record, and all FSCA filings in good standing, provided an efficient and attractive entry point into the South African financial services sector. Its active corporate bank account with First National Bank (FNB) further strengthened its operational readiness at the point of sale.

SALVUS played a central role in the transaction, connecting the buyer and the seller, managing discussions, coordinating regulatory and due diligence documentation, and supporting both parties throughout negotiations-from initial discussions through to final completion-ensuring a smooth and efficient transfer of ownership.

This successful EfS™ sale further reinforces SALVUS’ track record in facilitating cross‑border transactions involving regulated entities across investment services, payments, and crypto‑asset‑related sectors.

If you are considering acquiring or selling a licensed regulated entity, contact the SALVUS Mergers and Acquisitions team at info@salvusfunds.com for professional guidance and available opportunities. 

#StayAhead