Caleb & Brown launches UK brokerage for high-net-worth crypto clients

Before the acquisition, Caleb & Brown had been building out its tech stack through a partnership with Talos, the institutional trading infrastructure provider. The combination of Swyftx's exchange capabilities and Talos's execution technology gives the brokerage a more robust back end than most boutique firms operate.

Caleb & Brown was founded in 2016 in Melbourne's Cremorne neighborhood. The firm claims a client base estimated between 21,000 and over 40,000 across more than 100 countries.

The UK has been one of the more complex regulatory environments for crypto firms. The Financial Conduct Authority has taken a strict approach to marketing rules and consumer protections, which has caused several exchanges to pull back from the market or limit their offerings.

The expansion fits into a larger trend across the crypto industry: the bifurcation of services between retail and institutional or high-net-worth clients. For wealthy investors considering crypto exposure, dedicated brokerages with fixed-fee structures and portfolio-level advisory represent a service tier that retail platforms do not offer.

Caleb & Brown's UK team includes brokers with experience in both crypto and traditional wealth management. The firm said it plans to hire additional staff as client demand scales.