Caladan and NextBlock Partner to Broaden Global Liquidity Access for South Korea's Institutional Digital Asset Market

Collaboration will connect Caladan's global liquidity with NextBlock's NextRoute execution infrastructure, expanding its network of institutional liquidity providers.

SINGAPORE and SEOUL, South Korea, Nov. 9, 2026 /PRNewswire/ -- Caladan, a global proprietary trading group and digital asset liquidity provider, and NextBlock, a South Korean institutional digital asset infrastructure provider, today announced a strategic collaboration to expand access to global digital asset liquidity for institutional market participants in South Korea.

Under the collaboration, NextBlock will connect to Caladan's liquidity through NextRoute, its proprietary smart order routing engine. The partnership combines Caladan's market-making and execution capabilities with NextBlock's local infrastructure, expanding the liquidity network supporting NextBlock's institutional offering. The collaboration comes as South Korea takes steps to broaden institutional participation in digital asset markets, increasing the importance of access to global liquidity and institutional-grade execution infrastructure.

Supporting South Korea's Evolving Institutional Digital Asset Market

South Korea remains one of Asia's most active digital asset markets, with growing interest in institutional participation. The country's Financial Services Commission (FSC) has outlined a phased approach to expanding corporate participation in virtual asset trading, alongside ongoing efforts to strengthen regulatory oversight and market safeguards. As South Korea's institutional digital asset framework continues to develop, the collaboration between Caladan and NextBlock aims to improve access to global liquidity and institutional-grade execution infrastructure, supporting the evolving needs of professional market participants.

"South Korea is an important market for digital assets in Asia, and its evolving regulatory framework creates opportunities for institutional-grade trading infrastructure," said Julia Zhou, President and Co-Founder of Caladan. "Our collaboration with NextBlock strengthens our ability to provide global liquidity through established local infrastructure, supporting efficient execution for professional counterparties and reinforcing Caladan's commitment to expanding institutional liquidity access across APAC."

"Institutional access is not just about connecting to a market. It is about bringing together the liquidity, execution technology and local infrastructure needed to participate effectively," said Chan Sim, CEO of NextBlock. Partnering with Caladan broadens the global liquidity available through NextRoute and advances our work to build an execution network for South Korea's institutional digital asset market."

The NextBlock collaboration builds on Caladan's recent efforts to expand its global institutional liquidity network, including its integration with zerohash to broaden access to aggregated digital asset liquidity, its launch on BitGo's Go Network for institutional settlement, and its receipt of in-principle approval from Dubai's Virtual Assets Regulatory Authority (VARA).

About Caladan

Caladan is a global proprietary trading group and digital asset liquidity provider. Founded in 2017, the firm operates across more than 65 exchanges and trading venues worldwide, providing on-exchange market-making, OTC trading, API liquidity, and investment services to institutional market participants globally.

For more information, visit caladan.xyz.

About NextBlock

Kane Company Inc. operates NextBlock, South Korea's premier institutional-exclusive digital asset prime brokerage. Built on financial infrastructure engineering and FIU-registered compliance frameworks, NextBlock utilizes its proprietary smart routing engine, NextRoute, to connect domestic listed corporations, asset managers, and financial institutions directly to global digital asset liquidity.

For institutional and professional investors only. For information purposes only. See full risk disclosures here. For more information, visit nextblock.kr.

Media Contact
Caladan
Forefront Communications
[email protected]

NextBlock
[email protected]

SOURCE Caladan