FD121
First Digital Labs is a financial technology company that issues FDUSD, a 1:1 USD-backed stablecoin fully reserved and attested monthly, enabling transparent, compliant, and efficient global payments, remittances, treasury management, and trade settlements for businesses and institutions.
Industry
Finance & Insurance
Market Categories
Stablecoin Issuers
Business function (Horizontal)
Finance
Headquarters Location
Hong Kong
Product Name
FDUSD Stablecoin
Parent Company
First Digital
Founder
Vincent Chok
Web2vsWeb3
Web3
Access Model
Target Users
Competitors
General Stablecoin Issuers: Tether (USDT), USD Coin (USDC), PayPal USD (PYUSD), TrueUSD (TUSD), Binance USD (BUSD), Dai (DAI), Usual (USD0), Ethena (USDe), Frax Stablecoin (FRAX), Liquity (LUSD), Monerium (EURe). <br> Digital Asset Custody & Financial Services: Hex Trust, HQLAx, Atato, AMINA Bank, Cactus Custody, Fireblocks, BitGo, Cobo, Copper.
Business Function (stablecoins)
Issuance & Redemption, Reserve Management, Compliance & Regulatory Oversight, Transaction Settlement, Liquidity Provision, Payment Processing
Feature completness
Product differentiation
Asia-based issuer; Compliance-first approach with SOC 1/2 certified custody arm and audited reserves; Robust global banking infrastructure; Open Trust™ APIs; Programmable stablecoin; Experienced leadership from traditional finance.
Privacy & Data protection certificate
GDPR Compliance
Years in business
2.49
Employees
10-100
Horizontal Applications
Remittances, E-commerce Transactions, Lending & Borrowing
Tech stack modernity
Built for modern finance, multichain compatibility (Ethereum, BNB Chain, Sui, Solana), leverages blockchain (PoS/PoSA), programmable stablecoin.
Product Roadmap
Multichain expansion (Solana recently added); Strategic growth initiatives guided by Advisory Board; Continued focus on institutional clients; Enhancing trust and transparency.
Product Roadmap
Multichain expansion (Solana recently added); Strategic growth initiatives guided by Advisory Board; Continued focus on institutional clients; Enhancing trust and transparency.
API Quality
Documentation Link
Enterprise readiness
High readiness for enterprises, offering institutional-grade solutions with strong compliance, transparency, and robust banking infrastructure. Experienced leadership. Lacks explicit SLAs or dedicated account management details.
Security & Compliance Readiness
1:1 USD backing (cash/cash equivalents), segregated/bankruptcy-remote reserves, monthly 3rd-party attestations/audits, SOC 1 Type 1 & SOC 2 Type 1 certified (custody arm), compliance-first approach, GDPR-aligned Privacy Policy, AML/CTF checks.
Documentation quality assessment
Website provides information on FDUSD, features, use cases, compliance, partner ecosystem, monthly reserve reports, and legal policies. Mentions "Open Trust™ APIs" with "Learn more" link. Lacks detailed technical documentation/tutorials.
Support Methods
Direct contact options ("Get In Touch," "Talk to experts"). No explicit details on average response times or dedicated account management for enterprise clients.
Critical capabilities
Fiat-backed stablecoin (1:1 USD), Multichain compatibility (Ethereum, BNB Chain, Sui, Solana), Global payments infrastructure, Programmable stablecoin, Leverages blockchain for immutability/transparency, Uses PoS/PoSA.
Support & Account Management
Direct contact options ("Get In Touch," "Talk to experts"). No explicit details on average response times or dedicated account management for enterprise clients.
51 Score™
464.58
Product & Service
30.0
Stability & Maturity
53.3
Technology & Innovation
30.0
Enterprise Readiness
72.5
Categorization
Founder
Vincent Chok
Parent Company
First Digital
Market category
Stablecoin Issuers
Target Users
Top competitors
General Stablecoin Issuers: Tether (USDT), USD Coin (USDC), PayPal USD (PYUSD), TrueUSD (TUSD), Binance USD (BUSD), Dai (DAI), Usual (USD0), Ethena (USDe), Frax Stablecoin (FRAX), Liquity (LUSD), Monerium (EURe). <br> Digital Asset Custody & Financial Services: Hex Trust, HQLAx, Atato, AMINA Bank, Cactus Custody, Fireblocks, BitGo, Cobo, Copper.
