Independent valuation of cryptocurrency, tokenised assets, NFTs, and virtual asset businesses in the UAE. Used for M&A transactions, IFRS financial reporting, UAE Corporate Tax compliance, VARA regulatory filings, and legal disputes. CFA-led. Fixed fee from AED 15,000.
· Corvian Advisory FZ-LLC, Dubai, UAE
The UAE's position as a leading virtual asset hub — with VARA in Dubai and the DFSA in DIFC — means digital asset valuations require both technical asset understanding and UAE regulatory knowledge. Our CFA-led approach applies internationally recognised methodologies calibrated to UAE and GCC market conditions.
Independent valuation of Bitcoin, Ethereum, altcoin, and stablecoin holdings for UAE entities. Applied to IFRS financial statements (IAS 38/IAS 2), UAE Corporate Tax computations, M&A due diligence, and lender reporting. We establish fair market value at a specific date using Tier 1 exchange data, VWAP analysis, and liquidity haircuts where appropriate.
Valuation of tokenised securities, real estate tokens, utility tokens, governance tokens, and security tokens (STOs) issued or traded under UAE regulatory frameworks including VARA and the DFSA. We apply income-based, market-based, and option-pricing methodologies appropriate to the token's economic model and liquidity profile.
Specialist valuation of non-fungible tokens, blockchain-based creative IP, digital art, in-game assets, and metaverse real estate. Used for M&A (where acquirer holds significant NFT assets), IFRS financial statements, estate planning, and dispute resolution in DIFC and ADGM courts. We apply market comparables, royalty income, and cost-of-creation approaches.
Business valuation of crypto exchanges, OTC desks, DeFi protocols, NFT marketplaces, blockchain infrastructure providers, and wallet services for M&A, investment, and VARA licensing. We apply adapted DCF, revenue multiples benchmarked against publicly listed crypto businesses, and precedent transaction data from the global digital asset M&A market.
Establish the fair market value of crypto holdings at financial year-end for UAE CT computation. Critical where assets have moved significantly in value since acquisition.
IAS 38, IAS 2, and IFRS 13 compliant valuations for annual reports and auditor sign-off. Accepted by Big 4 audit firms operating in the UAE.
Value digital asset holdings in a target company before acquisition — determining whether crypto positions represent a liability, an asset, or a contingent risk in the deal.
Independent valuations for VARA licensing applications, ongoing regulatory capital requirements, and DFSA-supervised digital asset business compliance.
Expert valuation evidence for disputes involving digital assets in DIFC Courts, ADGM Courts, DIAC, and UAE civil courts. CFA-qualified expert reports.
Pre-investment due diligence on digital asset-heavy startups, and VASP business valuations supporting Series A through pre-IPO fundraising.
Digital assets lack the historical performance data and established comparable transaction sets of traditional businesses. We apply methodologies calibrated to each specific asset class — drawing on IFRS guidance, emerging IVSC (International Valuation Standards Council) digital asset frameworks, and global crypto M&A transaction data.
For fungible assets (BTC, ETH, major altcoins), we use VWAP pricing from regulated Tier 1 exchanges over a defined observation window, with liquidity haircuts applied to large positions that cannot be liquidated without price impact.
For tokens with defined cash flows (staking yield, transaction fee income, protocol revenue), we apply DCF or discounted token flow analysis. Discount rates reflect the specific risk profile of the protocol, regulatory environment, and liquidity.
For VASP business valuations, we benchmark against comparable public company trading multiples and private M&A transaction precedents in the global crypto industry — adjusted for UAE market conditions, regulatory status, and business model.
The UAE has established itself as a global leader in virtual asset regulation. Understanding this framework is essential to providing defensible digital asset valuations in the jurisdiction.
The Virtual Assets Regulatory Authority regulates virtual asset businesses in Dubai. VARA-licensed VASPs require independent valuation of asset portfolios for capital adequacy, licensing applications, and annual compliance filings. We prepare VARA-ready valuation reports covering all required disclosures.
The Dubai Financial Services Authority supervises digital asset activities within the DIFC free zone. DFSA-authorised firms dealing in investment tokens or crypto assets require independent valuations for capital computation, financial reporting, and client asset segregation compliance.
The UAE CT regime (9% from June 2023) requires crypto and digital asset holders to determine whether holdings are inventory (trading) or capital assets (investment), affecting how gains are computed. Our valuations establish defensible FMV at each relevant date with clear methodology documentation for the FTA.
The Financial Services Regulatory Authority (FSRA) in Abu Dhabi Global Market (ADGM) regulates digital asset activities in that free zone. FSRA-licensed digital asset businesses require compliant valuations for regulatory filings and dispute resolution in ADGM Courts.
We provide fixed-fee, IFRS-compliant digital asset valuations for M&A, UAE Corporate Tax, VARA/DFSA compliance, and legal disputes. CFA-led. Delivered in 2–4 weeks.