Telegram investor leads round worth over $2.1m in Hong Kong crypto firm

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.

For more coverage about the company, head here. You can also click on the link below to view key details about the company, as well as its funding history.