FDUSD Joins Ledger Enterprise TRADELINK, Ledger’s Off-Exchange Network

First Digital, the group behind FDUSD - the 3rd largest fiat-backed stablecoin - and Ledger have announced the integration of FDUSD into Ledger Enterprise TRADELINK, Ledger’s off-exchange trading network. This strategic collaboration aims to enhance trading and settlement processes for global institutional traders, offering a secure and efficient solution for stablecoin transactions.

The integration of FDUSD with Ledger Enterprise TRADELINK benefits the international markets with enterprise-grade security and a regulation-friendly environment, empowering global market makers, institutional investors and asset managers to leverage FDUSD for off-exchange settlements. With FDUSD on Ledger Enterprise’s TradeLink platform, global market participants

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FDUSD: A Fluid, Dependable & Universal Stablecoin

First Digital USD (FDUSD) is a fully 1:1 backed stablecoin issued out of Hong Kong. Its reserves consist of highly liquid cash and cash equivalents held in segregated structures. To ensure transparency and trust, independent third-party auditors publish monthly attestation reports verifying the integrity of FDUSD’s reserves. The addition of FDUSD to TradeLink provides institutional participants with expanded options for conducting stablecoin transactions.

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Ledger Enterprise TRADELINK: A Secure Gateway for Institutions

Ledger Enterprise Tradelink is a secure, off-exchange trading technology designed for institutions seeking regulatory-compliant digital asset trading. It allows asset managers to trade with their preferred liquidity providers while keeping assets in secure custody off-exchange, significantly reducing counterparty risk. By combining Ledger’s industry-leading security with access to a network of regulated custodians, Ledger Enterprise Tradelink ensures a seamless, transparent, and efficient trading experience - empowering institutions to trade with confidence while maintaining control over their assets.

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Vincent Chok, CEO at First Digital:

"Institutional adoption of digital assets hinges on trust, security, and efficiency. Our integration with Ledger Enterprise TRADELINK reinforces FDUSD’s position as a reliable settlement asset, giving institutions a seamless, secure, and transparent way to transact. By reducing counterparty risk and enhancing settlement efficiency, we’re paving the way for a more robust and institutional-friendly digital asset ecosystem."

 Sebastien Badault - Executive VP, Enterprise at Ledger

"The integration of FDUSD into Ledger Enterprise TRADELINK expands the options available to institutional traders for secure and efficient off-exchange settlements. By enabling FDUSD on our Off-Exchange Network, we provide market makers, institutional investors, and asset managers with a trusted option for stablecoin transactions. This collaboration underscores our commitment to enhancing security, control, and operational efficiency in digital asset trading while mitigating counterparty risk."

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About FDUSD

Launched in June 2023, FDUSD is a fully 1:1 USD-backed stablecoin designed to provide a secure, transparent, and scalable global digital dollar solution. It is fully backed by cash and cash equivalents, held in fully segregated holding structures, offering users a trusted tool for payments, trading, and DeFi applications. Reserves are safeguarded by a top-tier, qualified custodian with a trust license for seamless asset protection and regulatory compliance, with independent attestation reports published monthly. With support for Ethereum, BNB Chain, Sui, and now Solana, FDUSD is shaping the future of global digital finance.

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About Ledger

Celebrating its 10 year anniversary in 2024, Ledger is the world leader in Digital Asset security for consumers and enterprises. Ledger offers connected devices and platforms, with more than 7M devices sold to consumers in 180 countries and 10+ languages, 100+ financial institutions and commercial brands. Over 20% of the world’s crypto assets are secured by Ledger. 

Ledger is the digital asset solution secure by design. The world’s most internationally respected offensive security team, Ledger Donjon, is relied upon as a crucial resource for securing the world of Digital Assets. With over 14 billion dollars hacked, scammed or mismanaged in 2023 alone, Ledger’s security brings peace of mind and uncompromising self-custody to its community.

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