First Digital Assembles World-Class Advisory Board to Supercharge Strategic Growth

First Digital Group (“First Digital”), a global leader in stablecoin, custodial and trust solutions and parent company of FD121 Limited (also known as First Digital Labs), issuer of First Digital USD (FDUSD®), today announced the appointment of its inaugural Advisory Board . 

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The First Digital Advisory Board brings together distinguished leaders from blockchain technology, institutional finance, and digital payments to accelerate the company's strategic growth initiatives. Meeting quarterly, the Advisory Board will provide expert guidance on market expansion, product innovation, and regulatory compliance, helping cement First Digital's position as a trusted leader in the digital asset ecosystem.

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"We are excited to welcome such accomplished industry leaders to First Digital," said Vincent Chok, CEO and Founder of First Digital. "By tapping into their collective expertise across blockchain payments, traditional and decentralized finance, and regulatory compliance, we're supercharging our ability to innovate and deliver value to our stakeholders while maintaining the highest standards of security and compliance."

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The founding members of the First Digital Advisory Board include:

• Sandy Peng, Co-Founder of Scroll: A pioneering blockchain entrepreneur with over 11 years of experience spanning DeFi infrastructure, blockchain technology, and financial investment products.
• Luc Froehlich, Chief Commercial Officer at RAK Digital Assets Oasis: A distinguished financial services veteran with over 20 years of experience, including serving as Global Head of Digital Asset Solutions at Fidelity International.
• Chris Harmse, Co-Founder and Chief Business Officer at BVNK: A recognized leader in digital payments with over 12 years of experience in investment, trading, and stablecoin infrastructure.
• Praful Morar, Former Chief Strategy & Expansion Officer at Nuvei: A seasoned financial services and payments veteran with 40 years of experience in strategic partnerships and market expansion.
• Neil Tan, Former Chairman of the FinTech Association Hong Kong: A FinTech and Web3 industry leader with over 20 years of experience in government relationships, corporate strategy and network alliances. 

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‍First Digital Advisory Board

“Stablecoins will undoubtedly play a crucial role in modernizing global payments infrastructure. I am honored to join First Digital’s advisory board and help forge ahead on this journey”, said Neil Tan, Former HKFTA Chief. 

“I am excited to join First Digital’s advisory board to support their global ambitions in expanding FDUSD’s worldwide reach and accessibility,” said Praful Morar, Former Global Expansion Officer at Nuvei. He added:. “Stablecoins have massive potential to disrupt the way that businesses pay and get paid, leading to a more efficient and fair financial future for all.” 

The appointment of the Advisory Board further strengthens First Digital Group’s robust leadership team, which includes CEO Vincent Chok, COO Gunnar Jaerv, CSO Raphael Tressieres, CTO Janno Jaerv, Chief Legal Officer Michael Titus, Group General Manager Devere Bryan, and CFO Aleck Lee. Together, they bring a diverse set of skills and deep industry expertise to the organization, underscoring First Digital’s commitment to innovation, operational excellence, and its ongoing leadership in the digital asset and blockchain space.

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‍FDUSD® Ecosystem Growth 

‍As a fast-growing challenger in the stablecoin arena, FDUSD continues to provide diverse options to users and partners. FDUSD® is already natively deployed on Ethereum, Binance Smart Chain and Sui. Most recently, the company announced its expansion to Solana, leveraging the network’s ultra-fast transaction speeds, low fees and high scalability, unlocking new possibilities for cross-border payments, decentralised finance (DeFi), and everyday transactions. Each FDUSD token is 100% backed by US dollar deposits, U.S. government bonds, and cash equivalents. To ensure full transparency, First Digital Labs publishes monthly, third-party audited attestations of reserve assets.