Swyftx to Acquire Caleb & Brown in $66M Deal, Expanding Crypto Reach to U.S.

In Brief:

Swyftx is acquiring Caleb & Brown in the largest crypto acquisition deal in Australia and New Zealand.

The $66 million acquisition will help Swyftx expand its presence among high-net-worth U.S. investors.

Swyftx, an Australian crypto exchange, has announced the acquisition of digital asset brokerage Caleb & Brown in a deal valued at over AU$100 million (approximately US$65.8 million), marking the largest crypto acquisition in Australia and New Zealand to date. The acquisition is expected to significantly bolster Swyftx’s footprint, particularly in the U.S., where Caleb & Brown has a strong client base of high-net-worth individuals.

This move follows Swyftx’s recent agreement to acquire New Zealand’s largest crypto exchange, Easy Crypto. The deal will expand Swyftx’s geographic reach and bring the company’s team count to just under 300 employees upon completion.

Spartan, a blockchain investment and advisory firm, served as the financial advisor to Swyftx for the deal. Swyftx CEO Jason Titman highlighted that favorable U.S. crypto policies under the Trump administration have helped reduce market risks and made the U.S. more appealing for crypto firms. He anticipates a surge in crypto mergers and acquisitions this year, with the upcoming report from the President’s working group on crypto potentially opening doors for more U.S.-focused deals.

Founded in 2016, Caleb & Brown is known for its personalized, high-touch trading services and currently holds more than $1.2 billion in digital assets. The brokerage ensures compliance with Australian regulatory requirements, including Know Your Customer (KYC) and Anti-Money Laundering (AML) obligations. The acquisition will allow Swyftx to better compete for affluent customers in the U.S. and beyond, while scaling Caleb & Brown’s relationship manager team to offer tailored services to high-net-worth investors.

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