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Australia's Swyftx finalizes a massive $66M plus ANZ crypto acquisition of Caleb & Brown, marking a historic milestone in the region's digital currency landscape.

Crypto exchange Swyftx expands its horizons by acquiring Caleb & Brown in the biggest merger deal in ANZ, aiming to gain a stronghold in the U.S. market and cater to wealthy investors.

Australia's Swyftx to Purchase Caleb & Brown in History-Making $66M AU Crypto Transaction...
Australia's Swyftx to Purchase Caleb & Brown in History-Making $66M AU Crypto Transaction involvement with ANZ

Australia's Swyftx finalizes a massive $66M plus ANZ crypto acquisition of Caleb & Brown, marking a historic milestone in the region's digital currency landscape.

In a significant move for the Australian cryptocurrency industry, Melbourne-based Swyftx is set to acquire digital asset brokerage Caleb & Brown in a deal worth over AU$100 million (approximately US$65.8 million), marking the largest crypto acquisition in Australia and New Zealand to date. This strategic move aims to expand Swyftx's reach into the U.S. market, targeting high-net-worth crypto investors.

Caleb & Brown, founded in 2016, holds more than $2 billion in digital assets under custody, and its U.S. presence and private client model will enable Swyftx to compete for high-value customers on American exchanges. The combined group is expected to position itself as an alternative for wealthy investors seeking tailored, round-the-clock support. Upon completion of the deal, Swyftx will employ just under 300 team members.

The deal comes amidst a more favorable regulatory environment for cryptocurrency in the U.S., particularly under the Trump administration. Swyftx CEO, Jason Titman, has stated that the easing of U.S. crypto policy has significantly reduced the perceived risk for businesses entering the market and made cryptocurrency a more attractive asset class for American investors who have not yet invested in crypto.

Titman anticipates a "meaningful uptick in crypto M&A" within the year, encouraged by the President’s working group on crypto expected to report soon. This report could catalyse a surge in U.S.-focused crypto deal-making, reflecting the visible impact of the Trump administration's stance on cryptocurrency regulation.

Spartan, a specialist blockchain investment and advisory firm with offices in Singapore and Hong Kong, served as the financial advisor to Swyftx in this deal. Caleb & Brown, which maintains compliance with Australian regulatory requirements, including Know Your Customer and Anti-Money Laundering obligations, has not yet released any audited financial statements to the public.

The acquisition comes three months after Swyftx agreed to buy New Zealand's largest crypto exchange, Easy Crypto. As the U.S. pushes for more favorable industry regulations, including those related to stablecoins and market structure, the acquisition of Caleb & Brown is a bold step towards making the U.S. market more accessible and dynamic for Swyftx.

In summary, the Trump administration’s more favorable stance on cryptocurrency regulation is expected to boost both the volume of acquisitions in the crypto sector and increase investor interest in the U.S., making the market more accessible and dynamic.

  1. Swyftx, an Australian cryptocurrency exchange, is set to acquire digital asset brokerage Caleb & Brown, marking the largest crypto acquisition in Australia and New Zealand.
  2. Caleb & Brown, established in 2016, currently holds over $2 billion in digital assets under custody and has a U.S. presence, which will aid Swyftx in competing for high-value customers on American exchanges.
  3. Upon completion of the deal, Swyftx will employ close to 300 team members, positioning itself as an alternative for wealthy investors seeking tailored, round-the-clock support.
  4. The deal was facilitated under a more favorable regulatory environment for cryptocurrency in the U.S., particularly under the Trump administration, which has significantly reduced perceived risk for businesses entering the market.
  5. Swyftx CEO, Jason Titman, anticipates a rise in crypto M&A within the year, encouraged by the President’s working group on crypto expected to report soon.
  6. The acquisition comes three months after Swyftx agreed to buy New Zealand's largest crypto exchange, Easy Crypto, and is a strategic move towards making the U.S. market more accessible and dynamic for Swyftx.
  7. Spartan, a blockchain investment and advisory firm, served as the financial advisor to Swyftx in this deal, demonstrating the growing role of technology and finance in the business landscape.

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