FDUSD Reveals Strategic Integration With Ledger's Off-Exchange Trading Network

First Digital, the group behind the FDUSD stablecoin, has announced a strategic partnership with Ledger Enterprise TRADELINK, the major wallet Ledger’s off-exchange to enable global market makers, institutional investors, and asset managers to leverage FDUSD for off-exchange settlements.

Ledger designed the Enterprise Tradelink for institutions who’re looking for regulatory-compliant digital asset trading with reduced counterparty risk.

It allows asset managers to trade with their preferred liquidity providers while keeping assets in custody off-exchange, said the press release shared with Cryptonews.

Additionally, Sebastien Badault, Executive VP, Enterprise at Ledger, commented that the integration expands the options available to institutional traders for efficient off-exchange settlements.

Furthermore, international markets will benefit from the FDUSD integration with Ledger Enterprise Tradelink thanks to its enterprise-grade security and regulation-friendly environment. Also, it improves trading and settlement processes for global institutional traders, and improves control, ownership, and operational efficiency in digital asset trading.

According to First Digital CEO Vincent Chok, "institutional adoption of digital assets hinges on trust, security, and efficiency." This latest integration "reinforces FDUSD's position as a reliable settlement asset."

"By reducing counterparty risk and enhancing settlement efficiency, we're paving the way for a more robust and institutional-friendly digital asset ecosystem," Chok added.