# First Digital Stablecoin Issuer — Licences, Reserves & Compliance Score | StableRadar

> First Digital: stablecoin issuer profile with licences checked against regulator registers, reserves, attestations, official partners and Regulatory Compliance Score.

Canonical: https://stableradar.com/issuer/fdt
Generated: 2026-10-26T08:34:37.610Z (live figures are a snapshot at build time; see the canonical page for current values)

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**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)

Status Active

Verification Pending

Coverage Partial

Licences **1 / 2**

SRS **47**

Profile as of **2026-10-26**

Regulatory Compliance Score

Weighted from public, sourced inputs · 94% of inputs available

Not legal advice; algorithmic assessment from public sources.

FDUSD peg · 7 days

Pins: computed 7d high/low. No reference events dated within this window.

Peg deviation (live)

-30.0 bps

Supply 30d → now (DefiLlama)

$303.7M

24h volume (CoinGecko)

$52.2M

Chains with supply

### Company
- HQ **Hong Kong**

- Founded **2017 (First Digital Trust); FDUSD 2023**

- Leadership **Vincent Chok (CEO, First Digital) — verify**

- Model **Fiat-backed (USD)**

- Website **www.firstdigitallabs.com ↗**

### Products & supply LIVE
- FDUSD **$303.7M · -30.0 bps**

- Total (CoinGecko) **$303.7M**

30d ago

$324.1M

7d ago

$315.0M

1d ago

$303.7M

now

$303.7M

### Distribution
Ethereum

$194.3M

64.0%

BSC

$57.4M

18.9%

Sui

$43.5M

14.3%

Solana

$8.5M

2.8%

Arbitrum

$45K

0.0%

TON

$1K

0.0%

Supply by chain · DefiLlama (live)

### Products REFERENCE · issuer official site · as of 2026-10-26
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](https://www.firstdigitallabs.com/transparency) |
| **HK** | HKMA | HKMA licensed stablecoin issuer | checked 2026-10-26 via search | Not authorised — not on HKMA register | [Verified](https://www.hkma.gov.hk/eng/regulatory-resources/registers/register-of-licensed-stablecoin-issuers/) |

### Reserves, custody & attestation
- Assurance **Monthly attestation (AOGB CPA from Jan 2026; previously Prescient Assurance)**

- Audit / attestation firm **AOGB CPA Limited**

- Frequency **Monthly**

- Composition (per issuer) **T-bills, cash (per issuer)**

- Custodians **First Digital Trust**

- Latest disclosed **See transparency page**

- Evidence **report ↗**

### Redemption terms
Institutional redemption (per issuer terms)

### Controls: freeze / clawback / admin
- freeze **Blacklist**

- clawback **No public data**

- multisig **Admin**

- upgrade **Upgradeable**

### 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
Resolved

FDUSD traded below $0.90 after public insolvency allegations against First Digital Trust; issuer denied

2025-04

### 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.

Last updated: 2026-10-26 08:33 UTC (live data) · reference data as of 2026-10-26 · Sources: Regulator public registers & issuer disclosures (linked per item), [CoinGecko](https://www.coingecko.com/), [DefiLlama](https://defillama.com/stablecoins)