CySEC Orders Dissolution of Wanterfell Investment AIFLNP and Restricts Control at Octa Markets Cyprus

by THEFUTURE.TEAM

September 4, 2025

Regulatory Oversight and Voluntary Liquidation

The Cyprus Securities and Exchange Commission (CySEC) has executed a decisive regulatory move, announcing the dissolution and liquidation of Wanterfell Investment AIFLNP V.C.I.C. Ltd. The dismantling of the fund follows the full redemption of its units and adheres to article 132(1)(d) of the Alternative Investment Funds Law of 2018. Established as an Alternative Investment Fund with a Limited Number of Persons (AIFLNP) under License Number LPAIF123/2014, the fund’s external manager, T.C.R. International Ltd, proactively informed CySEC as mandated by article 63(8) of the law.

Strategic Enforcement Measures at Octa Markets Cyprus

In a separate but related directive, CySEC’s board determined that Pavel Prozorov, the ultimate beneficial owner of Octa Markets Cyprus Ltd, had compromised the company’s robust management standards. At a meeting held on August 25, 2025, CySEC invoked its authority under article 11(3) of the Investment Services and Activities and Regulated Markets Law (Law 87(I)/2017). The board suspended the voting rights associated with Prozorov’s shareholding, which accounts for 95% of the company’s capital, and prohibited him from executing any management duties on the board of directors. These measures are effective immediately and underscore CySEC’s commitment to maintaining market integrity and safeguarding investor interests.

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Implications for the Investment Landscape

This regulatory action, combining fund dissolution and governance restrictions, serves as a stark reminder of the high standards imposed on market participants. As investors and industry stakeholders assess the ramifications, the decision emphasizes the stringent oversight that is characteristic of the CySEC framework. In an environment where market confidence hinges on transparent and prudent management, such interventions are pivotal to preserving the health of the financial ecosystem.

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Cypriot Startup LIVIA Wins Europe’s Top Youth Entrepreneurship Competition

by THEFUTURE.TEAM

July 29, 2026

A Cypriot university team has won the European GEN-E 2026 youth entrepreneurship competition with LIVIA, a smart agriculture platform that combines satellite data, autonomous drones and artificial intelligence to help farmers improve irrigation, detect disease earlier and reduce pesticide use.

Alongside first place, the team received the FedEx Access Award, expanding its access to investors, entrepreneurs and industry experts across Europe.

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Initially developed for vineyards, LIVIA analyses individual plants and turns complex data into practical recommendations. The team is now preparing its first functional product and pilot projects in Cyprus, with plans to expand into additional crops and international markets.

From An Idea To Smart Agriculture

LIVIA began with a simple question: how could satellite data create practical value in everyday life? After exploring applications ranging from meteorology to marine biology, the team identified agriculture as the sector with the greatest potential.

Recognising the limitations of satellite imagery alone, particularly in resolution and update frequency, the founders integrated autonomous drones into the platform to provide more detailed field data.

Designed as a modular system, LIVIA can continuously incorporate new data sources and capabilities. Its initial focus is irrigation management, early disease detection and plant health monitoring, with vineyards serving as the first use case because of their importance to Cyprus and the team’s own experience.

Turning Data Into Decisions

Satellite imagery provides continuous monitoring of crops, while autonomous drones capture high-resolution images whenever greater precision is needed.

Artificial intelligence then combines those datasets with information collected by growers, including IoT sensors and field observations, to generate tailored recommendations for irrigation, disease prevention and resource management.

By analysing each plant individually, the platform enables precision agriculture rather than field-wide recommendations.

Building A Hardware And Software Startup

Developing LIVIA has required balancing advanced software with specialised hardware, including drones, multispectral cameras and charging stations, all while operating with limited resources.

Although the startup participates in the Bank of Cyprus IDEA programme and has secured non-equity funding, integrating multiple data sources into a reliable AI system remains its biggest technical challenge.

The Role Of Junior Achievement

Participation in the JA StartUp Programme helped transform the original concept into a business proposition through mentoring, coaching and pitch preparation.

Support continued after LIVIA won the national competition, with the Junior Achievement Cyprus team helping the founders prepare for the European final in Latvia.

European Recognition

Winning GEN-E 2026 and the FedEx Access Award marked the team’s biggest milestone to date and created new opportunities to connect with investors, entrepreneurs and industry experts across Europe.

The founders are now focused on completing their minimum viable product, launching pilot projects in Cyprus and expanding the platform to new crops and international markets.

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