First Digital

An important milestone for First Digital.

We've signed a definitive business combination agreement with CSLM Digital Asset Acquisition Corp III (Nasdaq: KOYN).

The proposed transaction values First Digital at $250 million on a pre-money equity basis, and the post-combined company is expected to become a Nasdaq-listed company.

First Digital is the group behind FDUSD and the developer of Finance District.

Expected to close in the first half of 2027, subject to shareholder and regulatory approvals and customary closing conditions.

Announcement: 1stdigital.com/news-and-insig…

The Flow #33 is live. October’s edition:

→ First Digital to list on Nasdaq
→ GENIUS Act and MiCA deadlines set
→ Card networks bring stablecoins to everyday payments

Read the full edition 👇
linkedin.com/posts/first-di…

“That diversity becomes an advantage once businesses stop asking which stablecoin should win and start using each one for what it’s actually good at.”

In a new op-ed for CFOTech Asia, our CEO @vchok looks at why dollar stablecoins hold about 99% of the market while more than 70% of conversions start from other currencies, and how one payment can move across several stablecoins from start to finish.

Read it: cfotech.asia/story/apac-s-s…

“We will not be a stablecoin company; we’ll be a stablecoin infrastructure company.”

At the Stablecoin Summit, @vchok spoke with AlphaWire about what comes next after last week’s Nasdaq BCA announcement. The plan is to grow beyond FDUSD into multi-stablecoin rails covering FX, settlement and agentic payments.

Read the interview: alphawire.xyz/news/stablecoi…

Who should issue a won stablecoin, and what would make anyone use it over USD tokens?

The Korea Herald pulled together views from Coinbase, Kaia, StraitsX, Hilbert Capital and our COO Gunnar Jaerv after last week's roundtable in Seoul.

Worth a read if you're following Korea's stablecoin debate.

koreaherald.com/article/108927…