First Digital Group Set for Nasdaq Listing via Cayman Islands Holding Company
What happened
First Digital, the group behind FDUSD, entered a definitive business combination agreement with CSLM Digital Asset Acquisition Corp III. This transaction values First Digital at $250 million on a pre-money equity basis. The post-combined company is expected to become a Nasdaq-listed entity, with closing anticipated in the first half of 2027, pending regulatory and shareholder approvals.
From manilatimes.net
Why it matters
The listing follows First Digital generating approximately $87 million in revenue in the fiscal year ended June 30, 2025. FDUSD, the USD-referenced stablecoin associated with the group, has recorded more than $4.7 trillion in cumulative trading volume as of June 30, 2026.
From manilatimes.net
Who's involved
- NasdaqThe American stock exchange where the post-combined company is expected to list.
- Cayman IslandsThe jurisdiction providing the corporate framework for the new holding company.
Keep exploring
The entities involved
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Nasdaq
American fully electronic stock exchange
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Cayman Islands
British overseas territory in the Caribbean
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