Simply put
- Brisbane’s Swyftx is set to establish a presence in the US by acquiring Caleb & Brown’s private client securities model.
- This acquisition is part of Swyftx’s broader effort to expand after recently securing a deal to buy New Zealand’s Simple Crypto.
- CEO Jason Titman believes that the easing of US regulations under Trump will enhance Crypto M&A activity and stimulate investor interest.
Australia’s Swyftx plans to acquire Caleb & Brown, a boutique firm in digital asset securities, marking what could be the most significant crypto acquisition in Australia and New Zealand so far.
The deal, shared with employees last week, is expected to broaden Swyftx’s reach in the US, where Caleb & Brown has established connections with premium crypto investors.
A source who preferred to remain anonymous indicated to Decryption that the transaction is valued at over $100 million (around 65.8 million USD).
This acquisition follows Swyftx’s agreement to buy Simple Crypto three months ago, making it the most geographically expansive Australian exchange. The SWYFTX Group will have nearly 300 employees once the transaction closes.
Spartan, a blockchain investment and advisory firm located in Singapore and Hong Kong, acted as the financial advisor for Swyftx.
Under the Trump administration, the US is pushing for more supportive industry regulations, particularly regarding stablecoins and market structures.
“A lot of the fears surrounding us have subsided under the Trump administration,” noted Jason Titman, CEO of Swyftx. He further expressed that this change not only mitigates risks for companies entering the market but also makes cryptocurrencies more appealing to American investors who haven’t yet invested.
Titman is optimistic about witnessing a noticeable increase in Crypto M&A this year.
“The President’s working group on Crypto is expected to release a report by the end of the month, which could pave the way for numerous US-focused crypto transactions,” he added.
Founded in 2016, Caleb & Brown, based in Melbourne, provides tailored trading services and manages over $2 billion in digital assets.
The brokerage adheres to Australian regulatory requirements, which include compliance with anti-money laundering obligations and client verification processes.
Client assets are secured on a one-to-one basis—not mingled, traded, or lent out—and are held in cold storage with assistance from their custody partner Fireblocks. The company has also indicated intentions to undergo annual financial audits.
However, they have not yet made their audited financial statements publicly available, according to official communications.
The US presence and private client services will position Swyftx competitively for high-value customers in the US market. This reflects a strategic move by Brisbane-based firms aiming to grow beyond Australia and New Zealand.
Additionally, Swyftx is enhancing Caleb & Brown’s relationship manager team to better support wealthy investors who seek coordinated assistance around the clock.
