What is First Digital Trust?

First Digital Trust Limited is a financial institution based in Hong Kong, regulated under local trust laws, that provides custody, asset servicing, and traditional fiduciary services for digital assets. The company was originally part of Legacy Trust and became independent around 2019 to focus on digital asset infrastructure.

First Digital issues a stablecoin called FDUSD, which is intended to be backed 1:1 by U.S. dollars or equivalent assets held in regulated accounts. The reserves used to back FDUSD are held in segregated, audited, regulated custodial accounts. First Digital’s platform also offers institutional clients custody services, bridging traditional finance (trust/custody) with digital assets. First Digital emphasizes transparency and regulatory compliance, including regular attestations for stablecoin backing. The company is also involved in stablecoin programmability (e.g. for escrow, contracts) and leveraging digital tools for payments and global remittances.