First Digital is pleased to attend #ABS2024 and #TheOpenSummit in Taipei. It was an incredible opportunity to converse with industry leaders and crypto experts at the event. We explored #Web3, #AI and the potential of #TONX in shaping the future of #blockchain.
First Digital
Financial Services
First Digital specialises in providing bespoke multi-asset Custodial, Trust, Payments and Stablecoin solutions.
About us
First Digital is your trusted guardian delivering next-generation financial services for global businesses and individuals to thrive in the digital asset economy. First Digital specialises in providing bespoke multi-asset Custodial, Trust, Payments and Stablecoin solutions to businesses, financial institutions and family offices navigating the next frontier in finance. MULTI-ASSET CUSTODY & SAFEKEEPING Fortify your treasury operations with First Digital's multi-asset custody solutions—streamlined for global reach, rapid settlement, and a host of value-added services. STRUCTURED TRUST & ADVISORY Unlock a wealth of financial engineering and strategic regulatory expertise with tailored structuring and consulting services. STABLECOIN SOLUTIONS Optimize your financial operations by harnessing the power of our deeply liquid and zero-fee stablecoin portfolio. First Digital is the home of FDUSD, a fully backed stablecoin issued out of Asia. PAYMENTS AND SETTLEMENTS Streamline everyday expenses, cross-border payments and global payroll and enhance your financial fluidity. WHO WE SERVE Headquartered in Hong Kong and with a presence in the UK, Middle East, Singapore and Malaysia, First Digital’s clients comprise regulated financial institutions and fintech innovators including blockchain start-ups, money service businesses, token issuers, market makers, digital asset exchanges and family offices. OUR COMMITMENT TO REGULATORY COMPLIANCE Fully aligned with Hong Kong’s Anti-Money Laundering and Counter-Terrorist Financing Ordinance, First Digital is licensed under the Trust Ordinance Section 8 of Hong Kong, is SOC1 Type 2 and SOC2 Type 2, ISO 27001 Certified as well as FATCA and AEoI Compliant. Get in touch for your multi-asset servicing needs: https://1stdigital.com/contact-us/
- Website
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http://1stDigital.com
External link for First Digital
- Industry
- Financial Services
- Company size
- 51-200 employees
- Headquarters
- Hong Kong
- Type
- Public Company
- Founded
- 2019
- Specialties
- Custody, Trust & Fiduciary, Asset Servicing, Blockchain, Digital Assets, Tokenization, Stablecoins, Open Finance, Regulations & Compliance, Professional Services, and Consulting & Strategy
Locations
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Primary
Get directions
Hong Kong, HK
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Get directions
Kuala Lumpur, MY
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Singapore, SG
Employees at First Digital
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Errol Bong
Head of Legal & Compliance | Expert on Cross-Border Derivatives & Structured Finance, Compliance, Money Laundering Investigations, Financial Crime
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Vincent Chok
Founder and CEO at First Digital | FDUSD
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Eric Hui
Finance & operation, Crypto, treasury, HKICPA
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Matt Lai
Compliance
Updates
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Over the years, #stablecoins have evolved with more secure technologies and better oversight. The Hong Kong Monetary Authority (HKMA)’s upcoming stablecoin regime is timely, marking a decade since the first stablecoin, BitUSD. Its focus on banking reserves and high-quality assets is crucial for the maturation of digital currencies. Read this article on South China Morning Post SCMP by our CEO Vincent Chok to learn more about his views on how stablecoins can bring #transformative changes to the economy.
Regulators often face criticism for being too slow to respond to market innovation. Hong Kong Monetary Authority (HKMA)'s legislative #stablecoin regime comes at an opportune time. Whether intentional or not, stablecoin regulation isn’t just about financial stability. Read my views on how stablecoins can bring transformative changes to the economy on South China Morning Post SCMP's print edition.
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First Digital is pleased to have participated and shared insights on #stablecoins at Malaysia Blockchain Week yesterday. The future of stablecoin is promising and we are proud to be at the forefront of stablecoin innovation. Learn more about us: firstdigitallabs.com
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First Digital is delighted to be part of Malaysia Blockchain Week this July 31 - Aug 1 in Kuala Lumpur. Join our COO, Gunnar Jaerv, as he speaks on the topic - Stablecoins: Financial Stability or Hidden Volatility? Date: 31st July Time: 3:05PM - 3:50PM Venue: World Trade Centre Kuala Lumpur (WTCKL) See you there. More info: https://lnkd.in/gBvEd7Bs
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At First Digital, we are committed to creating impactful and real use cases for stablecoins, such as global remittances and cross-border settlements. In Asia, many are unbanked or underbanked. We aim to provide these individuals with a way to build a financial footprint using stablecoins. #Stablecoins address the adoption catalyst across regions, enabling seamless remittances and instant settlements globally. Our founder, Vincent Chok, predicts that stablecoins will continue to grow over the next 2-3 years to more than $1 trillion USD, with #Web3 being a key driver of this growth 🚀. Read the full interview with BVNK here: https://lnkd.in/gnkGKkcE
Inefficient payment systems are holding back businesses 🫷 For some businesses, it’s hard to get access to strong currencies like dollars. For others, it’s hard to move money quickly across borders. These aren’t just inconveniences, they’re constraining growth. We partnered with the Centre for Economics and Business Research (Cebr) to assess how stablecoins unlock new economic efficiencies. Our analysis demonstrates for the first time, the big impact that stablecoins can have on: 🔓Releasing trapped capital 💲Bridging the dollar gap 📉Mitigating currency volatility Swipe to learn about the economic impact of stablecoins 📣 Get all the insights in our new report: https://bit.ly/4fe5O3P Featuring case studies and expert insights from Visa, Circle, Chainalysis and First Digital.
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Since its inception in 2019, First Digital Trust has been at the forefront of the Digital Asset Custody landscape, bridging the gap between traditional and digital financial worlds. As a regulated #custodian and #trust company, we offer secure, seamless and bespoke solutions for digital asset management and servicing. Explore the trusted infrastructure and products that make First Digital Trust a leader in the industry. Visit our website at www.1stdigital.com and our profile in the TCSP register here https://lnkd.in/gGwsQTnx #FirstDigitalTrust #DigitalAssets #AssetManagement #FinancialServices #Innovation #Solutions
Navigate the Digital Asset Custody Landscape: 2024 Guide Why did we create this? Speaking with users navigating custody options, we realized most weren't aware of the choices available. This map is an up-to-date overview of the evolving digital asset custody world, helping you make more informed decisions. With over $16 trillion in tokenized assets projected by 2030 according to BCG, understanding secure storage options will be increasingly important. Our map covers: Regulated Custodians: Secure regulated storage of digital assets (qualified custodians in the US) Custody Tech Providers: Software and tools for secure management of digital assets Wallet as a Service (WaaS) Providers: Scalable infrastructure enabling mass-scale digital asset wallet management Download a high-resolution PDF here: https://lnkd.in/easTxxBu Have questions about digital asset custody? Feel free to reach out – I'm here to help! If you're a custodian and not on this list, reach out and I'll update the map.
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First Digital welcomes the latest legislation from the Hong Kong Monetary Authority (HKMA) regarding stablecoin issuers. This pivotal move marks a watershed moment not only for Hong Kong and Asia but for the entire #stablecoin industry. As we embrace this forward-thinking regulation, we anticipate a new era of innovation and growth. At First Digital, we are committed to driving advancements that align with this framework, ensuring a secure and prosperous future for stablecoins. #HKMA #HongKong #Crypto #Blockchain #Web3
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As digital assets continue to evolve and reshape the financial landscape, #FDUSD stands out as a robust and reliable #stablecoin in investors’ portfolios. Read on to learn more 💡
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We're pleased to share that #FDUSD is now listed on Coins.ph - one of the Philippines’ leading licensed cryptocurrency exchanges with over 18 million registered users. The FDUSD/PHP pair aims to provide Filipinos with an easy and convenient on/off-ramp to convert their local currency into a stablecoin and take advantage of blockchain technology's speed and reliability. With lower transaction costs, as well as faster and more secure transactions, the FDUSD/PHP pair facilitates cross-border #payments and overseas #remittances, which continue to be an important component of the Filipino economy. Through this partnership, First Digital and Coins.ph are committed to a comprehensive education initiative, covering how to send and receive FDUSD for payments and facilitate cross-border financial flows, empowering users with practical knowledge and skills.
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First Digital Labs' Commitment to Transparency and Security A cornerstone of FDUSD's success has been our unwavering commitment to transparency. FDUSD's reserves undergo regular attestations by a reputable third-party auditor, ensuring that every token is fully backed by appropriate reserves. Our reserves are held in a diversified portfolio that includes US Treasury Bills (T-Bills), overnight reverse repurchase agreements (repos), and cash. This prudent allocation strategy ensures that FDUSD remains fully collateralised, minimising counterparty risk and maintaining the stability of its value. This rigorous attestation process fosters confidence among users, underscoring the integrity and reliability of FDUSD. View all the attestation reports at our website: firstdigitallabs.com
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