Caladan Receives In-Principle Approval for Broker-Dealer Services in Dubai
News related to:Caladan · 2 min read
DUBAI, UAE, Oct. 5, 2026 /CourierPR/ -- Caladan, a digital asset market maker based in Asia, has received in-principle approval for Broker-Dealer Services from the Virtual Assets Regulatory Authority (VARA) in Dubai. This approval, granted on September 15, 2026, marks a significant step for the company as it aims to establish regulated operations in financial centers where its clients trade.
Caladan's Dubai entity, CLDN Broker Dealer FZE, has been given the green light to provide institutional clients with broker-dealer services under Dubai's virtual asset framework. This approval is part of Caladan's broader strategy to expand its operations into regulated markets, ensuring compliance with stringent governance, risk management, and regulatory standards.
Julia Zhou, President and Co-Founder of Caladan, highlighted the importance of this approval.
The approval comes as Caladan continues to serve a wide range of clients, including token issuers, exchanges, and institutional clients. The firm aggregates liquidity across 40+ exchanges and hundreds of tokens, with an annual trading volume of $170 billion. Caladan provides this liquidity via its proprietary API, which offers sub-10ms latency and support for FIX 4.4 and 5.0SP2 protocols, ensuring seamless integration with various trading platforms.
Zhou further emphasized the significance of this approval for Caladan's institutional clients.
It is important to note that while the in-principle approval is a significant milestone, CLDN Broker Dealer FZE will not provide broker-dealer services in or from the Emirate of Dubai until VARA issues a full license. The company will serve only institutional clients and will not engage with retail clients.
Caladan's expansion into Dubai's regulated market reflects its commitment to operating within a transparent and compliant environment. The firm's focus on providing robust liquidity solutions and its alignment with Dubai's regulatory framework underscore its dedication to the digital asset market.
In conclusion, Caladan's receipt of in-principle approval for Broker-Dealer Services in Dubai is a crucial development for the company. This approval positions Caladan to meet the needs of its institutional clients while adhering to stringent regulatory standards, paving the way for further growth and expansion in the region.