Swyftx Acquires Caleb & Brown for AU$100 Million Expanding US Reach

Australian crypto exchange Swyftx is set to acquire boutique digital asset brokerage Caleb & Brown in a deal valued at over AU$100 million (approximately US$65.8 million). This acquisition is described as the largest crypto deal in Australia and New Zealand to date. The deal, formally disclosed to staff last week, is expected to significantly expand Swyftx’s reach into the U.S., where Caleb & Brown has built a client base among high-net-worth crypto investors.

The acquisition comes three months after Swyftx agreed to buy New Zealand’s largest crypto exchange, Easy Crypto, and will give the company the broadest geographic reach among Australian exchanges. The Swyftx group will employ just under 300 team members on completion of the deal. Spartan, a specialist blockchain investment and advisory firm, served as the financial advisor to Swyftx.

Under President Donald Trump, the U.S. has been actively pushing for more favorable industry regulations, including those related to stablecoins and market structure. This move has made it easier for firms to do business in the U.S. Jason Titman, CEO of Swyftx, noted that “a lot of fear over U.S. crypto policy has melted away under the Trump administration.” This not only reduces the risk that businesses see in entering the market but also makes crypto a more appealing asset for American investors who don’t currently own crypto. Titman also expects to see a “meaningful uptick in crypto M&A” this year, as the President’s working group on crypto is due to report before the end of this month, which could open the flood gates to a lot of U.S.-focused crypto deal-making.

Caleb & Brown, founded in 2016, offers personalized one-on-one trading services and currently holds more than $1.2 billion in digital assets under custody. The brokerage maintains compliance with Australian regulatory requirements, including Know Your Customer and Anti-Money Laundering obligations. Client assets are held on a 1:1 basis, not commingled, traded, or lent out, and are secured in cold storage with the assistance of custody partner Fireblocks. The company has previously stated that it has engaged an auditor to produce annual financial audits, although it has not released any audited financial statements to the public.

This acquisition will enable Swyftx to compete for high-value customers on American exchanges, a strategic focus for the Brisbane-based firm as it seeks to expand its footprint beyond Australia and New Zealand. Swyftx intends to scale Caleb & Brown’s relationship manager team and position the combined group as an alternative for wealthy investors seeking tailored, round-the-clock support.

In summary, the acquisition of Caleb & Brown by Swyftx is a significant move that will expand Swyftx’s reach into the U.S. market, leveraging Caleb & Brown’s private client brokerage model to attract high-net-worth investors. This deal, along with the recent acquisition of Easy Crypto, positions Swyftx as a leading player in the Australian and New Zealand crypto exchange landscape. The favorable regulatory environment in the U.S. under the Trump administration is expected to further boost investor appetite and accelerate crypto M&A activity.