The acquisition, the firm said in a statement, “is poised to significantly boost Independent Reserve’s reach and market share in Australia and creates additional opportunities for customers looking for simple and easy access to crypto products”.

Area: Merger and acquisition

Value: Undisclosed

Key players: The Hamilton Locke team was led by partners Michele Levine and Sarah Gilkes, who were supported by special counsel Ben Cameron, senior associate Janice Yew and associate Nicholas Pavouris.

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Deal significance: Speaking about the deal, Ms Levine said: “We are delighted to continue offering support to Independent Reserve with its continued rapid growth.

“This acquisition represents another opportunity for us to leverage Hamilton Locke’s capabilities on technology, intellectual property, corporate M&A, privacy and financial services. Hamilton Locke looks forward to continuing to support Independent Reserve on all aspects of its business in the future.”