First Digital Labs
Issuer of FDUSD and other fiat-backed First Digital stablecoins
FD121 (BVI) Limited issues FDUSD and other fiat-backed First Digital stablecoins. Current terms say FDUSD is backed by equivalent USD or USD-denominated reserve assets and is intended to be redeemable subject to account, eligibility, suspension, and legal conditions. FD121 is a fintech, not a bank or trust company; reserve custody is provided separately by Hong Kong trust company First Digital Trust Limited. FDUSD is not intended for US persons or entities.