First Digital is a Stablecoin Issuers company founded in 2019 and based in Hong Kong, Hong Kong. It has raised $25.1M in total funding, most recently a Series A in 2022.
| Date | Stage | Amount | Valuation | Lead investors |
|---|---|---|---|---|
| May 30, 2022 | Series A | $20M | — | Nogle, Kenetic Capital |
| Apr 1, 2021 | Convertible | $2.1M | — | — |
| Mar 9, 2020 |
| Seed |
| $3M |
| — |
| Nogle |
A 1:1 USD-backed stablecoin issued by FD121 (BVI) Limited, a subsidiary of First Digital Group. Fully collateralized by cash and cash equivalents held in a bankruptcy-remote trust structure, FDUSD is designed to maintain a stable value pegged to the US dollar. It is primarily used in Asian markets, listed on Binance and other major exchanges, and enables zero-fee minting and redemption for institutional clients. The stablecoin serves traders, exchanges, and DeFi protocols seeking a regulated digital dollar for trading, payments, and settlements across multiple blockchain networks.
A regulated custody platform offered by First Digital Trust Limited, a Hong Kong-licensed trust company, that securely stores and services digital assets for institutional clients, family offices, and corporations. The platform provides multi-asset support, secure wallet infrastructure, and seamless integration with traditional financial systems. It bridges the gap between conventional trust services and the digital asset economy, offering transparent reporting, audit-ready attestations, and bankruptcy-remote asset segregation.
Traditional trust and corporate services provided by First Digital Trust Limited under its Hong Kong trust license. The offering includes trustee services, asset servicing, and corporate administration for both traditional and digital asset portfolios. Clients benefit from the company's technology-driven approach that improves transparency and operational efficiency, with a client portal for real-time account management and reporting across fiat and digital asset holdings.
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