Singapore-based crypto trading firm Caladan, which reports over $50 billion in annual transaction volume, has opened a representative office in New York City, marking its first physical presence in the United States.
Founded in Asia, Caladan is positioning itself to engage directly with U.S.-based institutional clients amid evolving regulatory conditions.
Focus on Regulatory Alignment
The firmโs expansion comes as U.S. regulatory bodies signal greater clarity for digital assets.
Sponsored
According to Caladan, the decision to establish a local office reflects a longer-term view that increased regulatory definition could benefit institutional adoption of crypto assets.
โWe see a pivotal moment in U.S. financial markets,โ said Julia Zhou, Chief Operating Officer at Caladan. โRegulatory clarity is unlocking new pathways for innovation, and Caladan is uniquely positioned to bring the high-efficiency standards and bold execution we’ve developed in Asia to the U.S. market.โ
Zhou confirmed the firm is actively evaluating broker-dealer registration and Financial Industry Regulatory Authority (FINRA) membership as part of its regulatory roadmap.
Leadership with Traditional Finance and Crypto Experience
The U.S. operation will be led by Gian-Paul Caccia, who has held roles at Coinbase, BlackRock, Bank of America, and Cowen Digital.
The company stated such leadership appointments signal its intent to align operational precision with evolving U.S. compliance frameworks.
Reportedly, Caladan plans to allocate at least 5% of its global workforce to the U.S. unit, though specific headcount figures were not disclosed.
Operational Scope and Strategic Objectives
The New York office is expected to support Caladanโs trading and liquidity services for institutional clients, exchanges, and decentralized finance (DeFi) platforms.
No specific partnerships or product offerings were announced, but the firm described the office as a โstrategic nodeโ for client engagement and regulatory interaction.
Caladan has not provided details on the size of its U.S. investment or a timeline for achieving regulatory approvals.
U.S. Expansion Reflects Industry Shift
Caladanโs announcement comes amid a series of recent policy shifts under President Donald Trump viewed as favorable to the digital asset sector.
These include the appointment of Paul Atkins as Chair of the U.S. Securities and Exchange Commission, the dismissal of several high-profile enforcement cases, and renewed legislative interest in the GENIUS Act, a stablecoin bill backed by members of the U.S. Senate.
On the Flipside
- Caladan has yet to secure regulatory licenses or approvals in the U.S., and any delays in this process could impact the firm’s expansion timeline.
Why This Matters
Caladanโs move is a potential signal that international crypto firms may be shifting their approach to the U.S. market, viewing regulatory clarity as a basis for long-term institutional engagement.
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