Swyftx Acquires Caleb & Brown in Record $66M ANZ Crypto Deal

Brisbane-based cryptocurrency exchange Swyftx is set to acquire boutique digital asset brokerage Caleb & Brown in a deal valued at over AU$100 million (US$65.8 million), marking the largest crypto acquisition in Australia and New Zealand to date. The acquisition will provide Swyftx with a foothold in the U.S. market through Caleb & Brown's private client brokerage model, which caters to high-net-worth investors.

The deal follows Swyftx's recent purchase of New Zealand's Easy Crypto, further expanding its regional dominance. Upon completion, the combined entity will employ nearly 300 staff members, solidifying Swyftx's position as the Australian exchange with the broadest geographic reach.

CEO Jason Titman suggests that a potential easing of U.S. crypto policies under a Trump administration could accelerate merger activity and reignite institutional interest in digital assets. Spartan, a blockchain-focused advisory firm, advised on the transaction.