What We Do

Investments

Drawing of a flower blooming into money under the sun
Drawing of a flower blooming into money under the sun
ethena logo

Ethena

Decentralized yield-generating stablecoin protocol

World

The real human network for web3

Celestia

Scalable modular data availability network

Kaito brand logo

Kaito

AI-powered research platform

Plume

Blockchain for RWA

Berachain brand logo

Berachain

High-performance EVM L1 built on Proof-of-Liquidity consensus

Monad brand logo

Monad

Ultra-performant parallel EVM L1

Magic Eden

NFT marketplace on Solana

Vana

Distributed network for private, user-owned data

Kaia

Largest EVM-compatible web3 ecosystem for Asia

Particle Network

Chain abstraction through universal accounts

Merlin Chain

EVM-compatible Bitcoin Layer 2

Open Campus

Open Campus

The first blockchain for education

Zentry

Unified seamless layer for gaming, AI, and blockchain

0G

The first decentralized AI operating system

Artemis Analytics

Artemis Analytics

Accurate crypto metrics for digital finance

cap logo

Cap

Stablecoin protocol with credible financial guarantees

Hyperdrive

DeFi on Hyperliquid

Bitlayer

100% EVM-compatible BitVM based Bitcoin L2 

M^0

Money issuance infrastructure for composable cryptodollars

Variational brand logo

Variational

Decentralized infrastructure for bilateral derivatives on anything

USD.AI

USD.AI is a yield-bearing synthetic dollar backed by loans against AI hardware, compute, and DePIN assets

Nakamoto

BTC treasury company

MoreMarkets

Turn idle tokens into productive assets via native yield

Optimum brand logo

Optimum

TCP/IP for Web3: crypto-native omnichain communication layer

Agent brand logo

Agent

Web3 sub-account (ERC-6551) marketplace

Agora

Onchain community & governance platform

Concordia brand logo

Concordia

Modular omnichain adaptive risk layer

Treehouse brand logo

Treehouse

DeFi portfolio tracking and analytics

Notification typography design element

Notifi

Cross-chain communications

Lava brand logo

Lava Network

Decentralized RPC and API access

Omega

Omnichain & BTC DeFi

Exocore brand logo

Exocore

Omnichain Restaking protocol

San Francisco Compute brand logo

San Francisco Compute Company

On-demand scalable compute marketplace

Doppel brand logo

Doppel

AI-powered digital risk protection

Eulith brand logo

Eulith

Digital asset trade execution

Pontem Network brand logo

Pontem

Aptos DEX and wallet

Koywe brand logo

Koywe

Crypto Infrastructure for Latam

Fountain brand logo

Fountain

Web3 access management

Perle AI

AI data annotation platform leveraging expert feedback

Blockchain technology has enormous unrealised potential, and we are here to support founders who use that potential to build transformative products.

Caladan invests in pre-seed and seed stage companies, both in equity and tokens. We focus on infrastructure, DeFi, analytics, and other areas where we have proven expertise and can bring our experience in technology and liquidity to support founders during a key period of growth.