Gofaizen & Sherle has completed its first year of operations in El Salvador, delivering measurable results for fintech and crypto businesses entering the country’s regulated digital asset market.
In just 12 months, the firm has guided clients through the licensing process to secure 6 Digital Asset Service Provider (DASP) licenses, representing about 10% of all approved DASPs in El Salvador. With the regulator’s acceptance rate at only 16%, these approvals highlight the firm’s effectiveness in navigating one of the region’s most selective frameworks.
Alongside this, Gofaizen & Sherle supported companies in obtaining approximately 40 Bitcoin Service Provider (BTC) licenses, expanding the scope of businesses operating legally in the country. Its client portfolio already includes leading international crypto exchanges now active in El Salvador.
Felix Canisalez V., Head of El Salvador Office at Gofaizen & Sherle, commented:
“We are proud to be part of El Salvador’s growing fintech and crypto ecosystem. We are happy to assist European businesses and clients from around the world entering the Salvadoran market. As regulation in the EU becomes stricter, LATAM — and El Salvador in particular — is emerging as a hub for crypto and fintech projects that want to operate under clear frameworks, stay compliant, and expand across regions”.
Local expertise in El Salvador
The company’s achievements are backed by its team of 8 professionals based in El Salvador, who combine international legal expertise with a strong understanding of the local market. Their work has been instrumental in delivering large-scale projects and supporting the growth of the country’s digital asset ecosystem.
Gofaizen & Sherle specializes in helping businesses navigate complex legal environments across jurisdictions. By bridging the gap between new technologies and evolving financial regulations, the firm ensures clients can focus on innovation while minimizing compliance risks.
About Gofaizen & Sherle
Gofaizen & Sherle is an international FinTech law firm headquartered in Europe with physical representations in Estonia, Lithuania, Poland, Germany, Czech Republic, Canada, Dubai, Hong Kong, El Salvador and many others.
The firm provides full-stack legal and business support for fintech and crypto companies worldwide — from company incorporation and licensing to compliance, legal consulting, and business infrastructure setup. Its client portfolio includes hundreds of firms, including crypto exchanges, EMIs, investment funds, and financial service providers. Gofaizen & Sherle’s services are designed to simplify legal complexity and ensure the effective implementation of business strategies.
