EN#0384 – South Africa Cat I FSP, dormant, regulated by FSCA, for sale

An opportunity to acquire a dormant South African Category I Financial Services Provider (FSP) authorized for crypto asset intermediary and advisory services. The entity offers a clean corporate structure with no clients or historical trading activity, supported by an active Standard Bank corporate account with cross-border capabilities, providing a ready-made platform for a buyer seeking to enter the South African digital asset sector.

Key Highlights:

• License and Regulatory Status: The entity holds a Cat I FSP license under the FAIS Act, regulated by the FSCA, with permission for 1.24 – Crypto Assets. The entity is also registered as an Accountable Institution with the Financial Intelligence Centre (FIC). The license is in good standing, with no reported investigations, compliance penalties, or outstanding regulatory inquiries.
• Business Model: The entity is structured to provide crypto asset intermediary and advisory services and may be deployed by an incoming buyer for a digital asset business model, subject to the applicable regulatory permissions and requirements.
• Operational Status: The entity is dormant and has no clients, historical trading activity, customer data, or assets under management, providing the purchaser with a clean structure without an inherited client book or operational history.
• Regulatory Capital: The stated minimum liquid asset requirement is ZAR 30k. The entity currently holds no liquid regulatory capital; the required ZAR 30k will be injected following completion of the sale.
• Banking Infrastructure: The entity maintains an active corporate account with Standard Bank, including a cross-border foreign exchange banking facility capable of supporting international currency settlements and SWIFT transfers.
• Compliance Framework: A foundational Risk Management and Compliance Program (RMCP) is in place and can be further developed and adapted to the purchaser’s intended products, client profile, transaction flows, and risk exposure.
• Financial Position: The entity has no reported debt, loans, or other historical financial liabilities.
• Operating Expenses: The entity is currently maintained without monthly operating expenses due to its dormant status.

This South African Category I FSP represents an acquisition opportunity for firms seeking an existing regulated structure for crypto asset intermediary and advisory services. Its clean operational history, active Standard Bank corporate banking arrangement, crypto asset permission, FIC registration, and existing compliance framework provide a practical foundation for a purchaser seeking to establish its presence in the South African digital asset market.

For further information on the sale of this South African Category I FSP, please contact our Mergers & Acquisitions team at info@salvusfunds.com. More entities for sale can be found within our Entity Acquisition or Sale page.

SALVUS Funds’ teams can be engaged for guidance on new license authorizations for investment, payment or crypto-asset services, ongoing regulatory compliance consultancy for regulated entities, and support in acquiring ready-made regulated or registered entities. 

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