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First Digital Group Set for Nasdaq Listing via Cayman Islands Holding Company

1 report, 1 independent Updated Oct 1
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

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

Some supportBrind's analysis of the reports

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.

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Coverage

Newest first; wire copies grouped