Smart Valor Explores Sale Following Strategic Review and Acquisition Inquiries
Smart Valor, a crypto exchange and AI-led investment company based in Zug, Switzerland, is exploring a potential sale of its business following inquiries from global exchanges and financial institutions. CEO Olga Feldmeier confirmed the strategic review aimed at enhancing stakeholder value amid the evolving crypto regulatory landscape.
Key points include:
- The European Union's Markets in Crypto Asset (MiCA) rules took effect on December 30, making Smart Valor a target for firms lacking regulatory approval in Europe.
- Smart Valor is regulated in Switzerland and Liechtenstein, both part of the European Economic Area (EEA).
- Investment banking firm Imperii Partners has been mandated to assist in the sale process.
- An auction is set to take place with bids due by January 24, involving several interested parties, including a publicly listed company.
- Smart Valor offers a licensed retail crypto exchange, exchange technology for banks, and an AI-driven investment platform named Elann.AI.
- The company went public in 2022, listing on Nasdaq First North Growth Market, but shares were delisted in May 2024.