#Singapore #BitGo #Go Network #Caladan

Caladan and BitGo's Partnership

Caladan, a leading digital asset market maker based in Singapore, has announced a strategic enhancement to its services through the integration with BitGo's Go Network, aimed at institutional settlement. This collaboration marks a significant step forward in meeting the increasing demands for robust crypto transaction structures from institutional clients.

What the Integration Means

As of today, the integration allows Caladan's API Liquidity counterparties to seamlessly settle trades through the Go Network. This development broadens the scope of institutional settlement capabilities accessible to desks executing trades via Caladan, thereby elevating the quality of settlement services. The expansion is a response to the growing demand for secure and efficient institutional crypto trading environments, fostering a higher level of trust among participants.

The Critical Nature of Settlement

Settlement quality stands as a pivotal factor for institutional crypto entities when selecting trading counterparts. Institutions face significant counterparty risk during the gap between the execution of a trade and its final settlement. Thus, the operational standards upheld by the settlement service provider directly influence the overall risk management strategies of these firms. Recognizing this, BitGo’s Go Network is built on a seasoned infrastructure that prioritizes both speed and safety, making it particularly suited for institutional applications.

John Gu, CEO of Caladan, emphasized that “Settlement is where institutional trust is earned or lost.” He highlighted that partners need the assurance that every link in their execution chain adheres to stringent operational standards, a need that the Go Network fulfills comprehensively. By adding this network as a settlement option, Caladan assures its clients a path towards enhanced transactional security.

BitGo’s Vision for Institutional Participants

BitGo's Go Network is specifically designed to meet the rigorous demands of institutional participants engaged in digital asset trades. Abel Seow, Managing Director and Head of APAC Sales at BitGo, expressed that the integration not only expands the reach of the Go Network in Asia but also underscores their commitment to developing secure and regulated infrastructures for the evolving digital asset economy.

Immediate Benefits for Caladan’s Clients

For counterparties already using BitGo services, this integration presents a streamlined approach, removing onboarding hurdles. Trades executed via Caladan can be directed to existing BitGo accounts without needing any additional setup or custody adjustments. This immediacy enhances the efficiency of operations for ongoing and prospective clients considering institutional settlement in crypto markets.

Conversely, those new to institutional settlement infrastructure will find the Go Network’s architecture appealing, as it simplifies access to BitGo’s established custody framework tailored to meet the needs of institutional participants.

About Caladan

Founded in 2017 and headquartered in Singapore, Caladan stands as Asia's largest digital asset market maker, operating from seven global locations. With a staggering $170 billion in annual trading volume, Caladan executes through over 65 exchanges worldwide, providing solutions that encompass on-exchange market-making, OTC trading, DeFi liquidity, and investment opportunities tailored to institutional players.

About BitGo

BitGo, a prominent player in digital asset infrastructure (NYSE BTGO), delivers a wide spectrum of services ranging from custody, wallets, staking, to trading solutions from its regulated cold storage facilities. Since its inception in 2013, BitGo has been dedicated to transitioning the financial landscape towards a digital asset economy. Their global outreach and regulatory compliance have helped serve thousands of institutions worldwide, establishing them as a cornerstone in the digital finance domain.

For further information on BitGo’s offerings, visit www.bitgo.com.

As both Caladan and BitGo continue to advance their collaborative efforts, the focus remains on crafting a secure and high-speed environment for digital asset trades, thus reshaping the future of institutional crypto transactions across Asia and beyond.