First Digital Trust, a Hong Kong-based qualified custodian and trustee capable of holding both traditional and digital assets, secured $2.15m in funding.
The convertible note round – led by private investors including Nogle – has enabled the company to launch a debit and credit card rail that will allow its clients to accept card payments.
Led by Vincent Chok, CEO, First Digital Trust is a technology-driven financial institution offering solutions for the delivery of digital asset custody and powers next-generation financial service solutions. Token issuers, payments providers, exchanges, asset managers, funds, banks, brokers and trust companies will all have access to FDT’s instant settlement technology, security and payment rail infrastructure, and compliance technology.
The investment follows the integration of Fireblocks, establishing FDT as a provider of custodial and trustee services for investors, family offices, traditional financial institutions and digital asset exchanges. Partnerships also include Elliptic, Ledger, and BnkToTheFuture.
The company is the digital asset spin-off from Legacy Trust, who have been experts in trust, custody and asset servicing since 1992.