Baker McKenzie has advised the cryptocurrency exchange, Swyftx, on its acquisition of the boutique digital assets brokerage, Caleb & Brown, the largest recorded digital assets M&A transaction in Australia and New Zealand. The deal provides Swyftx with enhanced access to the US market, complementing Swyftx’s global expansion strategy. Swyftx was founded in 2018 and today has more than 1.2 million customers.
Led by Baker McKenzie Corporate M&A specialists Robert Wright (partner, Hong Kong) and Vi Ky Lam (counsel, Sydney), the team was supported by Lance Sacks (partner, Sydney), Peter Keeran (associate, Melbourne) and Michelle Heisner (partner, New York) alongside Financial Services Regulatory specialists Karl Egbert (partner, New Work), Terence Gilroy (partner, New York), Bill Fuggle (partner, Sydney) and Trudi Procter (partner, Brisbane).
Rob Wright commented: “We are excited to have had the opportunity to support Swyftx on this important transaction, reflecting increasing institutional interest and a move towards further consolidation across the digital assets sector. This transaction leverages Baker McKenzie’s cross-border M&A transactional capabilities across Asia Pacific and North America, alongside our regulatory expertise across the emerging digital assets sector.”
Vi Ky Lam added: “Coordinating across multiple workstreams was crucial, and our cross-border team worked seamlessly, utilizing their expertise to navigate these challenges. This deal underscores our Firm’s ability to handle complex transactions with precision and dedication.”
A transactional powerhouse with more than 2,500 deal lawyers in more than 40 jurisdictions, Baker McKenzie offers pragmatic counsel in the areas most critical for business. The Firm offers an unparalleled end-to-end service for technology M&A, covering the entire lifecycle of deals. The global fintech team provides the full range of legal services that clients need to develop, offer, and utilize products and services, such as those involving embedded finance, payment solutions, digital assets, lending, and digital banking. The team’s extensive experience acting for clients spanning the fintech sector, including many of the world’s largest financial institutions and most innovative technology companies, enables them to successfully assist fintech clients with a full range of regulatory and commercial complexities in both established and emerging markets.