The Australian Securities and Investments Commission (ASIC) has revoked Valorton Capital Pty Ltd's Australian Financial Services (AFS) licence for not providing any financial services since it was licensed on 27 October 2022.。

The cancellation takes effect on 14 February 2024 and Valorton may apply to the Administrative Appeals Tribunal for a review of ASIC's decision.。

Under subsection 915B (3A) of the Companies Act, ASIC may cancel an AFS licence held by a body corporate if it fails to provide the financial services covered by the licence within six months of the licence being issued。