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Does Hong Kong’s slow approach to crypto regulation risk stifling digital asset growth?
14.9.2024
Hong Kong risks falling behind in crypto as the city is urged to speed up regulation to keep pace with the rapidly evolving industry
Hong Kong should try to speed up crypto regulation: First Digital CEO
14.9.2024
First Digital Trust, which provides crypto custody services for institutions, says that Hong Kong is not yet ready to regulate USD-backed stablecoins
Hong Kong-Based First Digital's $3B Stablecoin Arrives to Sui Network in DeFi Push
10.4.2024
FDUSD has quickly become the fourth-largest stablecoin since its launch in July under Hong Kong's digital asset regulations, benefitting from crypto exchange giant Binance's trading promotion
TUSD’s Supply Halves as It Drops to 8th Rank Among Stablecoins
24.3.2024
Over the past week, the stablecoin trueusd (TUSD) experienced a notable decrease in its supply. As of March 19, 2024, the circulation was approximately 1.1 billion TUSD, which then plummeted to just 612 million. Supply Slash Sees TUSD Fall From Top 5 Stablecoin Rankings to 8th Position Previously...
TUSD Loses $1 Peg Amid Binance's FDUSD Focus: Analyst
16.1.2024
Binance introduced zero-fee FDUSD trading in December, giving users an incentive to sell
Binance Boosts First Digital's Stablecoin With Zero Fees to Buy and Sell Bitcoin, Ether
3.8.2023
The crypto exchange listed the Hong Kong-regulated First Digital's FDUSD stablecoin last week
Precious Metals Firm Kitco Launches Gold-Backed Tokens Built on Ethereum
5.8.2021
On August 4, the precious metals firm Kitco Gold announced the launch of a gold-backed stablecoin which will leverage an audit process via Cohen & Company with monthly attestation reports. Kitco has partnered with Tradewind Markets, First Digital Trust, and Stably, an asset tokenization...
First Digital Trust announces $2.15M funding for Asian digital payments service
22.4.2021
The funding will be used to develop debit and credit card payment rails in Asia
BnkToTheFuture Steps Away From Banks Citing Mounting Risk to Clients’ Assets
5.8.2020
The online investment platform is moving clients' crypto and fiat assets to a Hong Kong-based trust company
Venture Studio Invests $3 Million in Crypto Firm First Digital Trust
10.3.2020
The investment from Taiwan-based Nogle is intended for First Digital Trust to develop its existing crypto asset platform
Legacy Trust’s Crypto Spin-Off Receives $3M to Roll Out Asian Settlement Platform
9.3.2020
First Digital Trust has won backing from Taiwan-based Nogle for its upcoming Asia-focused crypto settlement solution for institutions
New Settlement Layer to Offer Asian Crypto Institutions Local Alternative to Silvergate Bank
21.2.2020
The new settlement layer is intended save Asian institutional traders from taking the "scenic route" via U.S. banking regulations