First Digital Trust
- Company typePrivate
- Founded2019
- HeadquartersHong Kong, Hong Kong SAR China
- Headcount101–250
- GTM typeB2B
- OfferingServices
First Digital Trust firmographics
Firmographics- Name
- First Digital Trust
- Legal name
- First Digital
- Website
- https://1stDigital.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
First Digital Trust industry classification
Industry- Product category
- Digital Asset Custody
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525), Miscellaneous Intermediation (523910)
- SIC
- Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Digital Asset Custody (Institutional Crypto Custody) (FSAFAHAH)
- akta.pro secondary industries
- Digital Asset/Crypto Trade Execution Platforms (FSAFANAO), Crypto Custody & Exchange Wallet Services (Integrated) (FSADAAAG)
Keywords
Where First Digital Trust is headquartered
LocationHeadquarters
- HQ city
- Hong Kong
- HQ country
- Hong Kong SAR China
- HQ region
- Asia
Offices1 record
Markets served
First Digital Trust business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales, Supply Chain
Revenue model
- Custody Services: Digital asset custody services for global businesses with multi-asset support, generating fees for safekeeping client assets and holdings
- Asset Servicing: Complementary services including FX and OTC operations integrated with custodial accounts
- API/Platform Licensing: Open Trust APIs enabling third-party platforms to embed custody and trust services into their operations
- Stablecoin Issuance (FDUSD): Issuance of fiat-backed stablecoin FDUSD as part of digital asset ecosystem
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise Custody Services |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
First Digital Trust product offering
Product offeringCore offering
First Digital Trust operates as a regulated trust and corporate treasury services platform providing multi-asset digital asset custody and asset servicing for global businesses. Its core offering combines a custodial account product for safekeeping and moving diversified digital assets with integrated FX and OTC services, complemented by the Open Trust APIs that let clients embed these capabilities into their own applications. The platform also extends into stablecoin issuance (FDUSD) and the Finance District platform for autonomous AI agent transactions.
Product overview
First Digital offers a unified corporate treasury services platform centered on Multi-Asset Custody — a regulated, user-friendly custodial account for storing, moving, and servicing diversified digital assets. The platform is complemented by a Client Portal providing secure account management and reporting, and by Open Trust APIs that allow third parties to embed the company's custody and asset servicing capabilities into their own applications. As an issuer of the fiat-backed stablecoin FDUSD, the company further extends its offering into real-time payment settlement and AI agent transaction capabilities.
Differentiator
Problem solved
Functional benefit
Brands
- Finance District: Platform enabling AI agents to execute real-time stablecoin transactions 24/7 for autonomous use cases such as procurement.
- Open Trust APIs
- FDUSD
Products and services
- Multi-Asset Custody A regulated custodial account platform that enables corporate and institutional clients to safely store, move, and service diversified digital assets and holdings. Designed for businesses seeking compliant custody of cryptocurrencies and tokenized assets.
- Client Portal A secure web-based portal that allows clients to manage their custodial accounts and asset servicing activities, providing real-time visibility into holdings and portfolio status from any location.
- Open Trust APIs Programmable API infrastructure that enables third parties to embed First Digital's custody, asset servicing, FX, and OTC capabilities directly into their own applications, fintech platforms, or back-office operations.
- FDUSD (First Digital USD) A fiat-backed stablecoin issued by First Digital, designed to enable real-time 24/7 stablecoin transactions for use cases such as autonomous procurement and AI agent payment settlement through the Finance District platform.
- FX and OTC Services Foreign exchange and over-the-counter trading services delivered alongside the custody product, providing global market access and ancillary execution capabilities to corporate treasury clients.
Companies that use First Digital Trust
Customer profileSegments1 record
Ideal customer profiles2 records
First Digital Trust technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
First Digital Trust partnerships and signals
Strategic signalScale indicators3 records
Recent moves6 records
Expansion highlights5 records
First Digital Trust competitors and assessment
Company assessmentDirect peers
- Anchorage Digital: Anchorage is a federally chartered digital asset bank offering institutional custody, trading, and staking. It is one of the most direct competitors to First Digital in regulated institutional digital asset custody, with overlapping target customers and regulatory positioning.
- BitGo: BitGo provides institutional digital asset custody, settlement, and trading services with multi-asset support and regulated trust entity status (BitGo Trust Company). Direct competitor to First Digital across the multi-asset institutional custody segment.
- Fireblocks: Fireblocks provides digital asset custody infrastructure, transfer, and settlement technology used by institutions and serves as both a competitor and infrastructure partner to First Digital. Overlaps in custody technology stack and target enterprise customer base.
- Paxos: Paxos is a regulated blockchain infrastructure platform offering custody, tokenization, and stablecoin issuance (PAX/GUSD). Comparable to First Digital across both the institutional custody business and the FDUSD stablecoin issuance line, making it a strong direct peer.
- Gemini Custody (Gemini Trust Company): Gemini Trust Company is a New York-regulated digital asset custodian serving institutional clients with custody and settlement services. Operates as a direct competitor with similarly regulated trust-entity positioning.
- Bakkt: Bakkt provides regulated digital asset custody, trading, and payments infrastructure for institutions and merchants. Overlaps with First Digital in regulated institutional custody and complementary asset servicing offerings.
Broad incumbents
- Coinbase Custody: Coinbase Custody is part of the larger Coinbase exchange ecosystem, offering institutional cold storage and staking services. It is a broader incumbent playing across retail and institutional crypto with deep balance sheet and regulatory resources relative to First Digital.
- Fidelity Digital Assets: Fidelity Digital Assets is the institutional digital asset arm of Fidelity Investments, providing custody and execution services to enterprises and asset managers. A broader incumbent with substantial resources and brand behind First Digital's institutional custody offering.
Regional players
- NYDIG: NYDIG is a US-focused institutional bitcoin custody and execution platform serving banks, corporates, and asset managers. While largely North America-centric, it is comparable in regulated institutional digital asset custody.
Emerging players
- Cobo: Cobo is an Asia-based institutional digital asset custody and wallet infrastructure provider serving trading, mining, and DeFi clients. Highly comparable to First Digital given overlapping Asia institutional focus and custody product portfolio.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
First Digital Trust social profiles
Digital presenceFirst Digital Trust compliance and trust
Trust signalCompliance2 records
First Digital Trust financial estimates
Financial estimateRevenue estimate
Valuation estimate
First Digital Trust leadership team
Management profileNumber of profiles
Profiles4 records
First Digital Trust subsidiaries and ownership
Company hierarchySubsidiaries1 record
First Digital Trust funding detail
Funding detailFunding overview
Funding rounds3 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
First Digital Trust M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about First Digital Trust
What does First Digital Trust do?
First Digital Trust operates as a regulated trust and corporate treasury services platform providing multi-asset digital asset custody and asset servicing for global businesses. Its core offering combines a custodial account product for safekeeping and moving diversified digital assets with integrated FX and OTC services, complemented by the Open Trust APIs that let clients embed these capabilities into their own applications. The platform also extends into stablecoin issuance (FDUSD) and the Finance District platform for autonomous AI agent transactions.
Is First Digital Trust a public or private company?
First Digital Trust is a private company. It is classified as corporate owned and is currently operating.
When was First Digital Trust founded?
First Digital Trust was founded in 2019. It employs 101 to 250 people.
Where is First Digital Trust based?
First Digital Trust is headquartered in Hong Kong, Hong Kong SAR China, in the Asia region.
How does First Digital Trust make money?
Four revenue lines are on record. Custody Services are the primary driver. The others are asset Servicing, API/Platform Licensing and stablecoin Issuance (FDUSD).
Who are First Digital Trust's main competitors?
Direct peers on record are Anchorage Digital, BitGo, Fireblocks, Paxos, Gemini Custody (Gemini Trust Company) and Bakkt. Broad incumbents are Coinbase Custody and Fidelity Digital Assets. NYDIG is listed as a regional player. Cobo is listed as an emerging player.
Does First Digital Trust have an API?
Yes. Open Trust APIs enable third parties to embed First Digital's custody and asset servicing capabilities directly into their own applications, fintech platforms, or back-office operations.
What industry is First Digital Trust in?
First Digital Trust's product category is Digital Asset Custody. Its primary akta.pro industry code is FSAFAHAH, Digital Asset Custody (Institutional Crypto Custody), with a secondary code of FSAFANAO, Digital Asset/Crypto Trade Execution Platforms. Its NAICS code is 525 and its SIC code is 6199.