- CEO
- Vikas K. Mittal
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 2400 E. Commercial Boulevard Fort Lauderdale FL United States of America 33308
- IPO Date
- Aug 27, 2025
- Business
- CSLM Digital Asset Acquisition Corp III, Ltd (KOYNU) operates as a blank check company whose sole purpose centers on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities, with a strategic focus on high-growth sectors including digital assets, Web3 technologies, regulated financial infrastructure, financial services, technology, and media. Incorporated on July 26, 2024, as a Cayman Islands exempted company and headquartered in Fort Lauderdale, Florida, the SPAC targets opportunities in the digitization of financial infrastructure, such as blockchain-driven business models, core infrastructure for digital asset exchanges, and programmable money solutions, particularly in emerging or frontier markets; its units comprise one Class A ordinary share and one-half of one redeemable warrant. In a major recent development, on December 2, 2025, the company entered into a non-binding letter of intent for a proposed business combination with First Digital Group Ltd, a compliance-first stablecoin and digital asset infrastructure provider offering stablecoin-as-a-service solutions, global payment rails with real-time settlement, on-chain and off-chain APIs, swap services, custody, minting/redemption tools, merchant services, and infrastructure for cross-border settlements, remittances, and DeFi integrations; the transaction, if completed, aims to list the combined entity on a U.S. national securities exchange, accelerating international scaling amid growing regulatory clarity for stablecoins and demand for compliant digital dollars. Led by CEO Charles Cassel and Chairman Vik Mittal, CSLM III completed its initial public offering of 20 million units at $10 each in August 2025, raising $200 million before underwriting discounts, and maintains no significant operations or revenue generation to date as it pursues this transformative opportunity in the evolving digital asset economy.