Hong Kong2026.10.08Fintech News HK

First Digital Plans Nasdaq Listing at US$250 Million Valuation

• First Digital, issuer of the FDUSD stablecoin, will list on Nasdaq via a merger with SPAC CSLM Digital Asset Acquisition Corp III (ticker: KOYN).
• The deal values First Digital at US$250 million on a pre-money basis, before any additional capital is raised.
• Both companies expect the merger and listing to close in the first half of the year.