Australian cryptocurrency exchange Swyftx has run to market for a short-term capital injection, seeking to shore up its balance sheet and ability to fund longer-term growth plans.
As financial markets are captivated by the collapse of the world’s third-largest crypto exchange FTX (including its Australian subsidiaries), and as investors re-assess crypto as an asset class, Swyftx’s board and management has kicked off a search for fresh funds.
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.