Crypto's trading company Caladan has announced plans to open a representative office in New York City, making the Trump administration rewind years of strict enforcement, informing industry regulatory resets and becoming the latest institutional player to expand into the United States.
The Singapore-based company will allocate at least 5% of Global Lucter to its new US offices as it seeks to register broker-dealer and potential FINRA membership.
To lead the efforts in the US office, Caladan hired a three-man team led by Gian-Paul Caccia. He has experience in both Crypto-Native and traditional financial institutions such as Crypto Exchange Coinbase, Asset Manager BlackRock, Investment Bank Cowen Digital, and Bank of America.
Their missions include building agency partnerships, promoting compliance strategies, and deepening regulatory involvement. Decryption.
Caladan aims to explain US entry and serve as a conduit for liquidity, regulatory dialogue and cross-border strategies as part of a broader strategy to link growing institutional momentum with the US's Asian crypto market infrastructure.
“It wants to help not only operate in the US, but also shape the crypto market rules-based future with full transparency and accountability,” Caladan COO Julia Zhou said in a statement.
Kaladan's US entry is the same as President Donald Trump's administration ripping away the rulebook that once kept such businesses at bay.
Since taking office in January, Trump has appointed a pro-crypto Sec Chair Paul Atkins, Several lawsuits have been dropped Enforcement supported by digital asset companies and by previous administrations reversed heavy policies.
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edit Sebastian Sinclair
