The encryption platform Swyftx will acquire the digital asset brokerage Caleb & Brown for approximately $65.8 million.

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On July 1, the Australian Crypto Assets trading platform Swyftx will acquire the digital asset brokerage Caleb & Brown, sources say the deal is worth over 100 million AUD (approximately 65.8 million USD). Swyftx disclosed to employees last week that it plans to expand its business scope in the United States, where Caleb & Brown has established a high-net-worth Crypto Assets investor client base. Swyftx intends to expand Caleb & Brown's relationship manager team and position the merged group as an alternative choice for institutional investors seeking customized, around-the-clock support.

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