First Digital Trust (FDT), a technology-driven financial institution powering the digital asset industry, has secured $3 million in funding from its new lead investor, Taiwanese venture studio Nogle, who have previously invested in leading technology firms such as global messenger app Telegram and TNG, the fintech behind Hong-Kong’s largest e-wallet.
“We are pleased to welcome Nogle as our new lead investor. The unique synergies between our two companies will accelerate our vision of creating a world where people can trade and transact digitised assets freely,” said Gunnar Jaerv, COO of FDT.
Nogle’s investment will support FDT in building up its platform as they get ready to launch Asia’s first Rapid Settlement and Clearing Network (RSCN) in May, set to transform the way digital assets are owned, traded and invested in.
“At Nogle, we are always looking for the next innovative technology that will disrupt the financial services industry. That is why we have invested in First Digital Trust. We see great potential in their technology for the digital asset industry, which will pave the way for the future of trust and custody services”, said Jonathan Leong, Founder of Nogle.
The two companies are developing a long term strategic relationship to continue building FDT’s platform, with a goal of bringing legacy financial services to the digital asset industry and setting the industry standard for compliant and transparent custodianship of digital assets.