- Caladan, a crypto trading company, plans to open a U.S. office in New York City.
- The firm will dedicate at least 5% of its global workforce to this new location.
- Caladan is seeking broker-dealer registration and FINRA membership to strengthen compliance and partnerships.
- The move comes after the Trump administration began reducing crypto regulation and supporting related legislation.
- The new U.S. team is led by Gian-Paul Caccia and aims to link Asian and American crypto markets.
Caladan, a Singapore-based crypto trading firm, has announced it will open a representative office in New York City. The company will allocate at least 5% of its worldwide staff to the U.S. as it works to expand its business there.
Caladan plans to apply for broker-dealer registration and possible FINRA membership. The company aims to build partnerships with institutions, develop its compliance strategy, and increase direct cooperation with U.S. regulators.
A new three-person leadership team, headed by Gian-Paul Caccia, will lead the U.S. office. Members of the team have experience from top companies such as Coinbase, BlackRock, Cowen Digital, and Bank of America. According to a company statement shared with Decrypt, the team’s responsibilities include advancing relationships with large investors and shaping regulatory engagement. “It’s not just about operating in the U.S., we want to help shape the rules-based future of crypto markets with full transparency and accountability,” said Julia Zhou, Caladan’s COO.
The firm described its U.S. entry as part of a broader plan to connect Asia’s digital asset markets with increasing institutional interest in the United States. Caladan intends to act as a bridge for liquidity, regulatory discussion, and cross-border strategies.
Caladan’s move comes as President Donald Trump’s administration reduces enforcement actions that previously kept similar companies out of the U.S. market. Changes include the appointment of pro-crypto SEC Chair Paul Atkins, dropping lawsuits against digital asset firms, and supporting pro-crypto measures.
Other crypto firms have noticed the regulatory shift. Nexo, which left the U.S. in 2022 due to regulatory challenges, recently announced it would return, citing support from the new administration. The White House also hosted a crypto summit with top industry leaders and backed the GENIUS Act, a stablecoin bill that passed the Senate and now moves to the House.
President Trump, even prior to his inauguration, launched a meme coin on Solana, further connecting with crypto communities. A recent GALA“>private event for Official Trump (TRUMP) coin holders also received attention and generated political debate.
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