NewsBite

Exclusive

Superhero and Swyftx walk away from $1.5b merger

Aleks Vickovich
Aleks VickovichWealth editor
Updated

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

The co-founders and former shareholders of Superhero will resume control of the ambitious, share-trading platform in a management buyout, parting ways with new owner Swyftx amid a regulatory crackdown on crypto companies.

The Australian Financial Review can reveal that Swyftx will sell Superhero back to its founders, John Winters and Wayne Baskin and the consortium of investors who initially bankrolled the neo-broker’s birth two years ago for an undisclosed sum.

Loading...
Aleks Vickovich leads the Financial Review's coverage of wealth management, specialising in the business and regulation of investment markets, financial advice and superannuation. Email Aleks at aleks.vickovich@afr.com

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Technology

Fetching latest articles

Most Viewed In Technology

    Original URL: https://www.afr.com/technology/superhero-and-swyftx-walk-away-from-1-5b-merger-20221220-p5c7nv