First Digital

The Hong Kong Monetary Authority (HKMA) has introduced a comprehensive Stablecoin Bill, formulated to regulate issuers of fiat-referenced stablecoins. As the bill progresses through the Legislative Council, it advances the city’s ambition to becoming a regulated hub for digital assets.   💡 What Does This Mean For Stablecoins? This regulatory framework will enhance the stability and security of stablecoin transactions, enhancing growth and innovation.   💡 What Does This Mean For First Digital? This clarity strengthens our ability to operate within a transparent and compliant framework, reinforcing our commitment to providing secure and reliable cross-border solutions while fostering trust and driving innovation worldwide.   🔗https://lnkd.in/g9ZU3E9t

📢#FDUSD on Sui is now live on Binance! Following the seamless integration with Sui Foundation network, deposits and withdrawals are now enabled for native FDUSD on Sui on Binance, opening up new avenues for cross-chain accessibility and liquidity. What does this mean?  ⚡️Send and receive $FDUSD seamlessly to your Sui wallet via Binance ⚡️Faster, more efficient transactions ⚡️Ultra low fees As the demand for stablecoins continues to grow, this integration strengthens the ecosystem and supports broader adoption for both retail and institutional users. 🌐 Learn more: https://lnkd.in/gsEgHKnD

Welcome to the third edition of 𝙏𝙝𝙚 𝙁𝙡𝙤𝙬: 𝙄𝙣𝙨𝙞𝙜𝙝𝙩𝙨 𝙛𝙧𝙤𝙢 𝙁𝙞𝙧𝙨𝙩 𝘿𝙞𝙜𝙞𝙩𝙖𝙡 newsletter. In this release, we're highlighting FDUSD's formation of its inaugural Advisory Board, First Digital's strides in expanding accessibility in the digital economy and latest developments in the digital asset arena. Let's get into it ⬇️

With #Bitcoin surpassing $100K, we take a moment to reflect on its core ethos of decentralization. We find ourselves in a paradox: are stablecoins shifting Bitcoin’s original vision?    Read our latest take on balancing innovation with Bitcoin's legacy ⬇️

15 years since, #Bitcoin has now crossed 100K. A momumental moment for the entire crypto community. #BTC100K

November was a packed month for First Digital and #FDUSD! From new chain integrations to advancements in our regulatory journey, we’re reinforcing our leadership in the stablecoin industry. November Highlights 🌟 ✅Native FDUSD Live on Sui Foundation:  Adding a trusted stablecoin to the high-performing network, augmenting liquidity and multi-chain compatibility. Read more about the integration: https://lnkd.in/gTBkxrMw ✅First Digital Secures VASP Registration with Lithuania’s FCIS: Opening doors to delivering institutional-grade digital asset custody and regulated crypto exchange services with seamless fiat on/off-ramp in the EU and EEA region. ✅First Digital Inaugural Advisory Board: We proudly assembled our founding Advisory Board to drive First Digital’s ambitious growth through market expansion and product innovation. The Road Ahead 🚀 🔜 FDUSD Expansion To Solana:  We’re deepening FDUSD’s integration with Solana for an enhanced real-world utility on seamless, cost-effective stablecoin transactions. December is shaping up to be another exciting month as we continue to lead the charge in powering the future of finance.

💼 First Digital Appoints Inaugural Advisory Board We’re proud to announce the appointment of our inaugural Advisory Board - welcoming esteemed industry leaders from blockchain technology, institutional finance, and digital payments, including: ⭐Luc Froehlich, CFA, CAIA, Chief Commercial Officer at RAK Digital Assets Oasis ⭐ Chris Harmse, Co-Founder at BVNK ⭐ Sandy Peng, Co-Founder of Scroll ⭐ Neil Tan 🌐, Member of the HKSAR Web3 Task Force & Chairman of the AI Association of Hong Kong ⭐ Praful Morar, Former Chief Strategy Officer & Expansion Officer at Nuvei By harnessing the collective expertise of our Advisory Board, First Digital is driving its ambitious growth strategy through market expansion and product innovation. Positioned at the forefront of digital asset leadership, we’re capturing significant opportunities for #FDUSD as stablecoin adoption accelerates in the global financial ecosystem.

#FDUSD upholds the highest regulatory standards - fully backed by high-quality assets that are always redeemable on a one-to-one basis for cash. Our reserves undergo regular attestation by a reputable third-party auditor, ensuring appropriate reserves fully back every token. Read our October monthly reserve report ⬇️

Welcome back to The Flow – the second edition of First Digital's newsletter. In this release, we cover FDUSD's native availability on Sui, First Digital's VASP registration and insights from the latest developments in the digital asset economy. Let’s dive in ⬇️

🏛️ First Digital has secured VASP registration with Lithuania's Financial Crime Investigation Service (FCIS), aligning with our strategic roadmap for European expansion and reinforcing our commitment to regulatory compliance. This milestone enables us to: ➡️ Offer regulated crypto exchange services with fiat on/off-ramps ➡️ Provide institutional-grade digital asset custody solutions ➡️ Support FDUSD's continued growth in Europe ➡️ Position First Digital for future MiCA licensing With the VASP registration, we have strengthened our position for future MiCA licensing and gained a competitive edge in driving First Digital’s flagship stablecoin, #FDUSD, across the EU and EEA, while upholding our mission for secure, transparent digital services worldwide.