In short: First Digital issues FDUSD (issuing entity: Issuer FD121 (BVI) Limited; reserves custodian First Digital Trust Limited (HK)). Headquarters: Hong Kong. Status: Active. Licences on record: 2 (1 authorised; 1 confirmed on a regulator's official public register). Reserve reports: monthly (AOGB CPA Limited). Reference data as of 2026-10-26.
First Digital 1 Verified
Issuer FD121 (BVI) Limited; reserves custodian First Digital Trust Limited (HK)
StatusActive
VerificationPending
CoveragePartial
Licences1 / 2
SRS47
Profile as of2026-10-26
Regulatory Compliance Score
Weighted from public, sourced inputs · 94% of inputs available
Not legal advice; algorithmic assessment from public sources.
FDUSD peg · 7 daysCoinGecko sparkline · deviation vs $1 · shaded band ±0.5% LIVE
Pins: computed 7d high/low. No reference events dated within this window.
◎Peg deviation (live)-29.2 bps
$Supply 30d → now (DefiLlama)$303.7M
↔24h volume (CoinGecko)$58.0M
⛓Chains with supply6
Company
HQHong Kong
Founded2017 (First Digital Trust); FDUSD 2023
LeadershipVincent Chok (CEO, First Digital) — verify
ModelFiat-backed (USD)
Websitewww.firstdigitallabs.com ↗
Products & supply LIVE
FDUSD$303.7M · -29.2 bpsTotal (CoinGecko)$303.7M
30d ago$324.1M
7d ago$315.0M
1d ago$303.7M
now$303.7M
7d price deviation (bps):
Distribution
Supply by chain · DefiLlama (live)
Products REFERENCE · issuer official site · as of 2026-10-26
Product list not yet captured from firstdigitallabs.com.
Official partners (0) REFERENCE · issuer official site · as of 2026-10-26
Checked: Could not check: firstdigitallabs.com blocks automated access (Cloudflare verification).
Licences & authorisations worldwide (2 · 1 ✓ verified on register) REFERENCE · regulator registers / issuer disclosures · as of 2026-10-26
| Jurisdiction | Regulator | Licence / status detail | Date | Status | Evidence |
|---|---|---|---|---|---|
| HK | HK Companies Registry | Trust company (TCSP) — custodian entity | — | Authorized | Reported |
| HK | HKMA | HKMA licensed stablecoin issuer | checked 2026-10-26 via search | Not authorised — not on HKMA register | Verified |
Reserves, custody & attestation
AssuranceMonthly attestation (AOGB CPA from Jan 2026; previously Prescient Assurance)
Audit / attestation firmAOGB CPA Limited
FrequencyMonthly
Composition (per issuer)T-bills, cash (per issuer)
CustodiansFirst Digital Trust
Latest disclosedSee transparency page
Evidencereport ↗
Redemption terms
Institutional redemption (per issuer terms)
Controls: freeze / clawback / admin
freezeBlacklist
clawbackNo public data
multisigAdmin
upgradeUpgradeable
Frozen / blacklisted / seized
No public freeze/blacklist statistics found.
Government & public sector partnerships REFERENCE · issuer newsroom / official government sites · as of 2026-10-26
Official newsroom not yet checked for this issuer.
Government & law-enforcement cooperation
No public info.
Regulatory actions & enforcement history
None on record in our reference set.
Incidents
ResolvedFDUSD traded below $0.90 after public insolvency allegations against First Digital Trust; issuer denied2025-04
AI-agent payments
No public info.
Reference fields compiled 2026-10-26 from linked sources. Items marked “verify” or “per issuer” are not independently confirmed. Not legal or investment advice.