Key Points:
- Smart Valor is considering a strategic review that may result in a sale of either the entire company or just its regulated exchange division.
- An auction is currently underway and bids for the Swiss company are expected by January 24, according to sources.
- The regulated exchange could attract bids from larger competitors, lending platforms, wealth management businesses, and retail brokers.
Smart Valor, a crypto exchange and AI-driven investment firm based in Zug, Switzerland, is exploring the possibility of selling its entire business or a portion of it. CEO and co-founder Olga Feldmeier disclosed this information during a CoinDesk interview.
With the implementation of the EU’s Markets in Crypto Asset (MiCA) regulations starting on December 30, Smart Valor may appeal to companies lacking regulatory approvals in Europe.
“Our ultimate goal is to find the best strategy for increasing stakeholder value while capitalizing on the revival of the crypto market and the advantages of improved regulation,” Feldmeier stated in an email.
The firm has engaged Imperii Partners, an investment banking company, to assess potential opportunities. Smart Valor could represent an enticing acquisition target for large exchanges, lending platforms, wealth management firms, and retail brokers.
Advisers are managing the auction process, with bids expected by January 24. Various companies are anticipated to compete for the regulated exchange segment, while others are finalizing due diligence ahead of also joining the bidding, as per individuals who wish to remain unnamed due to the confidentiality of the situation.
At least one publicly traded entity is also likely to participate in the auction.
Founded in 2017, Smart Valor serves both retail clients and banks. The company operates three divisions: a licensed retail crypto exchange, a technology service for banks, and Elann.AI, an AI-based investment platform.
Before Christmas, a data room was established for interested bidders to perform due diligence. In 2022, the company completed a highly successful initial public offering and was listed on the Nasdaq First North Growth Market in Stockholm, becoming one of the first crypto companies publicly traded in the region. However, the shares were delisted in May 2024.
