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.

First Digital declined to comment. CSLM had no comment.

The pace of crypto ...