Caladan Goes Live on BitGo's Go Network for Institutional Settlement

Rhea-AI Summary

BitGo (NYSE: BTGO) and Singapore-headquartered market maker Caladan have expanded their partnership by integrating BitGo’s institutional Go Network for digital asset settlement. As of August 25, 2026, all Caladan API Liquidity counterparties can route trade settlement through the Go Network.

According to Caladan, the integration offers institutional participants access to settlement built on BitGo’s qualified custody infrastructure, with existing BitGo account holders able to use their current relationships without additional onboarding or custody changes. Caladan reports facilitating over $170 billion in annual trading volume across 65+ exchanges worldwide.

Positive

• Caladan reports facilitating over $170 billion in annual trading volume
• All Caladan API Liquidity counterparties gain immediate access to Go Network settlement
• Existing BitGo clients can settle Caladan trades without new onboarding or custody changes

Negative

• None.

Market Context

Net Selling was the platform's insider signal over the analyzed period. That context adds risk persp...

Analysis

Net Selling was the platform's insider signal over the analyzed period. That context adds risk perspective to the new settlement integration; low short positioning also matters, while adoption and commercial contribution were not quantified.

Key Figures

Announcement Date: Aug. 25, 2026 Global Offices: 7 offices Annual Trading Volume: over $170 billion +5 more

8 metrics

Announcement Date Aug. 25, 2026 Integration announcement

Global Offices 7 offices Caladan company profile

Annual Trading Volume over $170 billion Caladan volume since 2017

Exchange Coverage 65+ exchanges Caladan global operations

Caladan Operating Since 2017 Company profile

BitGo Operating Since 2013 Company profile

Institutions Served thousands of institutions BitGo company profile

Investors Served millions of investors BitGo company profile

Historical Context

5 past events · Latest: Aug 19 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Aug 19	VASP registration	Positive	+6.2%	BitGo Korea received acceptance of its South Korean VASP registration.
Aug 12	2Q26 earnings report	Neutral	+11.0%	Revenue growth and repurchase authorization accompanied a quarterly net loss.
Aug 04	Derivatives integration	Positive	-1.6%	Institutional derivatives trading was enabled alongside BitGo custody infrastructure.
Aug 03	Link network launch	Positive	+4.1%	BitGo launched a centralized control layer connecting institutional exchange accounts.
Jul 29	Earnings date announcement	Neutral	+7.7%	BitGo scheduled its second-quarter financial results release and conference call.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent BitGo announcements produced mostly positive 24-hour reactions, with divergent moves following two events.

Key Terms

occ-regulated, qualified custody infrastructure, counterparty risk exposure

3 terms

occ-regulated regulatory

"an OCC-regulated digital asset trust bank and subsidiary of BitGo Holdings"

An OCC-regulated firm is one overseen by the U.S. Office of the Comptroller of the Currency, the federal agency that supervises national banks and federal savings associations. For investors this matters because OCC oversight means the institution must follow federal rules on safety, capital and consumer protections—like having a certified safety inspector—reducing regulatory and operational risk that can affect a bank’s stability and stock or bond value.

qualified custody infrastructure regulatory

"built on BitGo's qualified custody infrastructure"

Systems, institutions and controls used to hold and manage financial assets that meet legal and regulatory standards for custody. It covers secure storage, clear recordkeeping and ownership segregation, transfer processes, access controls, insurance and contingency plans so client assets are kept separate and traceable. Investors care because properly qualified custody infrastructure reduces the risk of loss, theft, or commingling of assets and provides a clear chain of custody similar to a locked safe combined with an audited ledger.

counterparty risk exposure financial

"determines counterparty risk exposure during the window between trade execution"

Risk that one’s trading partner or contractual counterparty will fail to meet its obligations, creating a potential loss for the other side. It matters to investors because many investments — loans, bond holdings, derivatives, repos, or custodial arrangements — depend on the other party paying, delivering assets, or honoring collateral; if they don’t, an investor can lose cash, securities, or expected returns. Think of it like lending your car to someone who might not return it: the lender bears the loss if the borrower defaults.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SINGAPORE, Aug. 25, 2026 /PRNewswire/ -- Caladan and BitGo Bank & Trust, National Association ("BitGo Bank & Trust"), an OCC-regulated digital asset trust bank and subsidiary of BitGo Holdings, Inc. (NYSE: BTGO) ("BitGo"), are expanding their partnership with the integration of BitGo's Go Network for institutional settlement. Caladan's API Liquidity counterparties can now settle trades through the Go Network, extending the institutional settlement infrastructure available to desks executing through Caladan. The integration is live as of today.

Settlement quality is one of the primary buying criteria for institutional crypto counterparties. The choice of settlement venue determines counterparty risk exposure during the window between trade execution and final settlement, and the operational standards of the settlement provider become part of the buyer's own risk posture. BitGo's Go Network is an institutional settlement network built on BitGo's qualified custody infrastructure, designed for participants who require both speed and institutional-grade controls.

"Settlement is where institutional trust is earned or lost. Our counterparties need to know that every link in the execution chain meets the same standard as the most regulated parts of their own operation. Going live on BitGo's Go Network gives them that assurance and adds another settlement option alongside the channels we already support." — John Gu, CEO, Caladan

"The Go Network was designed to enable institutional participants to settle digital asset trades with the same operational rigor and controls they expect from financial market infrastructure. Caladan's integration expands access to that settlement infrastructure for institutional market participants in Asia, and reflects our continued focus on building secure, regulated infrastructure for the digital asset economy." — Abel Seow, Managing Director and Head of APAC Sales, BitGo

What the integration delivers

Settlement on the Go Network is available immediately to all Caladan API Liquidity counterparties.

For counterparties already operating BitGo accounts, the integration removes friction. Settlement of trades executed through Caladan can be directed to the existing BitGo relationship without additional onboarding, account setup, or custody changes.

For counterparties evaluating institutional settlement infrastructure for the first time, the Go Network provides access to settlement infrastructure built on BitGo's qualified custody foundation and designed for institutional digital asset markets.

About Caladan

Caladan is Asia's largest digital asset market maker, headquartered in Singapore with teams across seven global offices. Since 2017, Caladan has facilitated over $170 billion annually in trading volume, operating across 65+ exchanges worldwide. The firm provides on-exchange market-making, OTC trading, DeFi liquidity, and investments to institutional participants globally.

About BitGo

BitGo (NYSE: BTGO) is the digital asset infrastructure company delivering custody, wallets, staking, trading, financing, stablecoins, and settlement services from regulated cold storage. Since 2013, BitGo has focused on accelerating the transition of the financial system to a digital asset economy. BitGo maintains a global presence and multiple regulated entities, including BitGo Bank & Trust, National Association, the first federally chartered digital asset trust bank owned by a publicly traded company. Today, BitGo serves thousands of institutions, including many of the industry's top brands, financial institutions, exchanges, and platforms, and millions of investors worldwide. For more information, visit www.bitgo.com.

Media contact: marketing@caladan.xyz

View original content to download multimedia:https://www.prnewswire.com/news-releases/caladan-goes-live-on-bitgos-go-network-for-institutional-settlement-302859908.html

SOURCE Caladan

FAQ

What did BitGo (NYSE: BTGO) announce about Caladan and the Go Network on August 25, 2026?

BitGo announced that Caladan has gone live on the Go Network for institutional settlement. According to BitGo, all Caladan API Liquidity counterparties can now settle trades via the Go Network, using BitGo’s qualified custody-based infrastructure for digital asset transactions.

How does the Caladan integration with BitGo’s Go Network affect institutional settlement for BTGO clients?

The integration allows institutional participants trading through Caladan to settle via BitGo’s Go Network. According to BitGo, counterparties with existing BitGo accounts can direct settlement there without extra onboarding, account setup, or custody changes, potentially reducing operational friction.

Who can use BitGo’s Go Network for trades executed through Caladan after the August 2026 launch?

All Caladan API Liquidity counterparties can use the Go Network for settlement immediately. According to Caladan, this includes firms already operating BitGo accounts and those newly evaluating institutional digital asset settlement infrastructure based on qualified custody foundations.

What are the benefits for existing BitGo account holders from Caladan’s Go Network integration with BTGO?

Existing BitGo account holders can settle Caladan-executed trades through their current BitGo relationship. According to Caladan, this avoids additional onboarding, new account setup, or custody changes, aiming to reduce settlement friction for institutional digital asset counterparties.

How large is Caladan’s trading footprint mentioned in the BitGo (BTGO) Go Network announcement?

Caladan reports facilitating over $170 billion annually in trading volume. According to Caladan, it operates across more than 65 exchanges worldwide, offering market-making, OTC trading, DeFi liquidity, and investments to institutional participants in Asia and globally.

What type of infrastructure underpins BitGo’s Go Network used by Caladan counterparties?

BitGo’s Go Network is built on its qualified custody infrastructure. According to BitGo, the network is designed for institutional digital asset markets that require both speed and institutional-grade operational controls comparable to traditional financial market infrastructure.