Company Overview - First Digital Group is a leading provider of stablecoin and digital asset infrastructure, known for its flagship product FDUSD, which is the third most-traded stablecoin globally [1][17] - The company operates under a compliance-first model and has established a strong presence in multiple jurisdictions since its founding in 2019 and restructuring in 2022 [2][17] Product and Market Performance - FDUSD is a USD-denominated stablecoin fully backed by cash and cash equivalents, achieving a market capitalization of over US$1 billion within four months and a peak circulation of over US$4.4 billion [3] - The stablecoin has processed more than US$2 trillion in cumulative trading volume, indicating strong liquidity and demand in global markets [3] - First Digital expects to report approximately US$80-$90 million in unaudited revenue for 2025, highlighting its growth trajectory in the digital asset economy [4] Strategic Developments - First Digital has entered a non-binding letter of intent for a proposed business combination with CSLM Digital Asset Acquisition Corp III, which aims to enhance its public listing and expand its product offerings [1][7] - The company is set to launch Finance District, a decentralized finance ecosystem that will utilize its agentic payments layer, Prism, to facilitate AI-powered transactions [5] Regulatory and Compliance Framework - First Digital operates with a compliance-first approach, holding licenses and registrations in key financial centers, which positions it favorably in a sector experiencing increasing regulatory clarity [4][7] - The company emphasizes transparent reserves and regulated structures, which are critical for building trust in the digital finance landscape [9][17] Leadership and Vision - The CEO of First Digital, Vincent Chok, emphasizes the significance of taking an APAC-rooted stablecoin issuer public, marking a milestone in the evolution of digital finance [9] - The partnership with KOYN is seen as a strategic move to scale globally and shape the future of trusted digital dollars [9][8]