Stablecoin Firm First Digital Eyes Listing Through SPAC Merger

First Digital Group is planning to go public by merging with a blank-check company, as crypto firms take advantage of more favorable regulations to list their shares on stock markets.

The Hong Kong-based firm is set to announce the signing of a non-binding letter of intent outlining a plan to merge with CSLM Digital Asset Acquisition Corp III, a special purpose acquisition company listed in New York, according to people familiar with the matter who asked not to be identified as the details aren’t yet public.