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NextBlock and Caladan partner to boost digital asset liquidity in South Korea

2 reports, 1 independent Updated Mon 00:00
No new developments lately Reached 2 outlets in its first 24 hours
Reports
2
Developments
1
Repetition
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New informationRepeats or wire copies

AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Caladan, a global proprietary trading group, and NextBlock, a South Korean institutional digital asset infrastructure provider, announced a strategic collaboration. The partnership allows NextBlock to connect to Caladan's liquidity through NextRoute, its smart order routing engine. This collaboration aims to expand access to global digital asset liquidity for institutional market participants in South Korea.

From prnewswire.com

Why it matters

Some supportBrind's analysis of the reports

The collaboration supports South Korea's efforts to broaden institutional participation in digital asset markets. It combines Caladan's market-making and execution capabilities with NextBlock's local infrastructure, expanding the liquidity network for institutional offerings. This occurs as the Financial Services Commission has outlined a phased approach to expanding corporate participation in virtual asset trading.

From prnewswire.com

Who's involved

  • Financial Services CommissionRegulatory body outlining a phased approach for corporate participation in virtual asset trading.
  • KoreaThe market where institutional digital asset liquidity is being expanded.

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The entities involved

Coverage

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