Telegram investor leads round worth over $2.1mn in HK crypto firm

Collin Furtado | TechinAsia
22, April, 2021
First Digital Trust, the digital asset custody arm of Hong Kong-based financial services company Legacy Trust, said it has raised over US$2.1 million.

More details

  • Lead investors: Nogle, others
  • Stage: Bridge round

More company updates

  • The new funding was in the form of convertible notes.
  • First Digital Trust will use the money to launch a debit and credit card rail that will enable its clients to accept card payments seamlessly, the company said in a statement.
  • The payment rail will be available via a widget which will enable companies to manage customer touchpoints across international borders.
  • In March 2020, First Digital Trust raised US$3 million from Nogle, an investor in chat app Telegram. The investment was used in the development of Asia’s first Rapid Settlement Network, an institutional-orientated trading platform to enable instant transfers across the region.
  • First Digital Trust currently has partnerships with crypto crime prevention platform Elliptic, asset security provider Ledger, and blockchain-based online investment platform BnkToTheFuture.

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