EN#0362 – South Africa Category I FSP license for sale

An opportunity to acquire a South African Category I Financial Services Provider (FSP) licensed by the Financial Sector Conduct Authority (FSCA), authorised to provide intermediary services in relation to crypto assets, derivative instruments, and deposits. Originally established to support an OTC crypto business model, the entity offers a clean and dormant structure with existing banking, compliance documentation, and regulatory approvals, providing an efficient entry into the South African digital asset market.

Key Highlights:

• Company Status & Structure: South African entity holding an FSCA Category I Financial Services Provider license. The entity was originally established for an OTC crypto business facilitating the purchase and sale of crypto-assets, allowing clients to deposit funds, purchase crypto-assets, and withdraw crypto-assets. The company remains dormant with no ongoing business activity.
• Regulatory Standing: Licensed by the Financial Sector Conduct Authority (FSCA) as a Category I Financial Services Provider and maintained in good regulatory standing with no known regulatory issues.
• Licensed Activities: The license authorises intermediary services for Crypto Assets, Derivative Instruments, Long-term Deposits, and Short-term Deposits. The approved license categories support both non-automated advice and intermediary services.
• Capital Adequacy: There is currently no minimum regulatory capital requirement applicable to the entity. The company therefore maintains no regulatory capital.
• Operational Profile: The entity is dormant and has not commenced commercial operations, allowing the purchaser to implement its own business model, technology infrastructure, governance arrangements, and commercial strategy within a clean regulated structure.
• Banking Structure: The entity maintains an operational corporate bank account with First National Bank (FNB) South Africa and utilises an established local Payment Service Provider (PSP) for the handling of client funds.
• Compliance Framework: A complete compliance framework is already in place, including a comprehensive Risk Management and Compliance Programme (RMCP) and supporting internal policies and procedures.
• Financial Position: The entity has no debt, liabilities, or legacy client obligations, providing a clean acquisition profile.
• Monthly Expenses: Current monthly operating expenses are approximately USD 2,500.

This South African Category I FSP represents an attractive acquisition opportunity for firms seeking a regulated entry into the South African financial and digital asset market. The combination of crypto asset permissions, existing banking infrastructure, established compliance documentation, and a clean corporate profile provides buyers with a ready-made platform while avoiding the time and complexity associated with obtaining a new licence from inception.

For further information on the sale of this Mauritius Global Business Company, please contact our Mergers & Acquisitions team at info@salvusfunds.com.  More entities for sale can be found within our Entity Acquisition or Sale service.

SALVUS Funds’ teams can be engaged for guiding on new license authorisations for investment, payments or crypto-asset services, ongoing regulatory compliance consultancy for such licensed entities, and support in successfully acquiring ready-made regulated entities. 

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