CSLM Digital Asset Acquisition Corp III, LtdKOYN

First Digital builds technology infrastructure for AI agents and the agentic economy.

“FIRST DIGITAL GROUP — INVESTOR PRESENTATION Building infrastructure for the agentic economy . A regulated trust - and - custody fintech — issuer of FDUSD — building technology infrastructure for AI agents. // settlement.stream ● FDUSD · AGENTIC agent_7f3aa1 → merchant_store_90 $0.0042 ✓ api.x402_gw → agent_c4d2e $0.19 ✓ agent_b21e8 → vault_curated_03 $12.40 ✓ prism_api → agent_88c1f $4.10 ✓ agent_9de70 → api.mcp_tool $0.0007 ✓ agent_0xf1a → merchant_5b1c $0.031 ✓ illustrative · agent - to - agent transfers on the FDUSD rail · sub - second finality PROPOSED BUSINESS COMBINATION CSLM Digital Asset Acquisition Corp III DATE October 2026 PRIVATE & CONFIDENTIAL Not an offer to sell or solicit securities. See disclaimer.”

First Digital is building infrastructure for the agentic economy.

“01 / 06 — WHO IS FIRST DIGITAL 01 Built on trust. Building the agentic economy. A regulated trust company, climbing the stack. 01 Who is First Digital 02 The Opportunity 03 Industry Trends & Drivers 04 Finance District Ecosystem 05 Why Us 06 Corporate · Financials · Transaction”

First Digital provides infrastructure for the agentic economy.

“01 — WHO IS FIRST DIGITAL From Regulated Trust to the Agentic Economy A compliance - first fintech built on a regulated Hong Kong trust foundation — now issuer of a leading Asia - centric stablecoin and infrastructure provider for the agentic economy. // TURNOVER By capital turnover, 2024 (1) // VOLUME #1 >$4tn Trading volume (as of June 2026) (2) // ATH_MCAP $4.4bn FDUSD all - time - high market cap (3) // REVENUE_25 $87mm FY2025 revenue (audited) // LICENSES 4 3 licenses and registrations obtained, with 1 additional application pending (4) THE CLIMB ASCENDING THE STACK lvl.01 Regulated trust & custody the historic foundation lvl.02 FDUSD a professional - grade stablecoin Finance District / Prism (1) Turnover defined as 24h Volume / Market Capitalization (among major stablecoins); Source - CoinMarketCap , as of 2024. (2) Cumulative spot trading volume across all exchanges tracked by CoinMarketCap , 26 July 2023 to 30 June 2026 (4) Includes a Trust or Company Service Provider (TCSP) licence in Hong Kong, two Money Services Business (MSB) registrations in Canada and one licence application pending with the Abu Dhabi Global Market (ADGM) for the issuance of fiat - referenced tokens (FRT). (3) CoinMarketCap , ATH Market Capitalization of $4.42bn as of 26 th April 2024.”

Finance District and Prism carry First Digital into the agentic economy.

“01 — WHO IS FIRST DIGITAL Four Business Lines, One Ecosystem From regulated custody to agentic commerce. mod.01 Custody First Digital Trust Limited — a regulated Hong Kong trust company. Multi - asset trust, custody & escrow, safekeeping and fiduciary services. Revenue recognized through service fee and transaction fee income. mod.02 FDUSD Asia - centric, fully - backed USD stablecoin issued by First Digital Labs; built for professional market participants and distributed via leading industry partners. Reserve revenue recognized. mod.03 Stablecoin Infrastructure Stablecoin issuance infrastructure, including the platform behind FDUSD, available to partners and enterprises. Targeted new revenue stream – no revenue recognized to date. mod.04 Finance District & Prism The incubated project carrying First Digital into the agentic economy. FDFI is the Finance District ecosystem token. Targeted new revenue stream – no revenue recognized to date. ONE ECOSYSTEM · VALUE FLOWS → First Digital Labs is the brand under which FD121 (BVI) Limited, a First Digital group company, issues FDUSD.”

First Digital management team is building from regulated foundation into the agentic economy.

“06 — CORPORATE · FINANCIALS · TRANSACTION Guided by a Strong Management Team Trust, custody, payments and engineering — building from a regulated foundation into the agentic economy. Vincent Chok CEO CEO of First Digital since inception; UBO of Legacy Trust. Led the company from traditional trust & custody into stablecoins. Gunnar Jaerv COO Responsible for operations and product development; building efficient operational infrastructure across the group. Michael Titus LEGAL COUNSEL Principal of Titus Solicitors; specialized in corporate, commercial and intellectual - property law. Janno Jaerv CTO Responsible for First Digital's tech stack; 20+ years across technology and engineering roles. Previously at Foxway. Aleck Lee CFO Leads the Finance team; previously Asia CFO of LIFCO, and earlier with PwC and Deloitte. Headshots and prior affiliations as provided by management. Roger Lee COMMERCIAL & PARTNERSHIPS Business development and institutional partnerships ; 12+ years in venture and digital assets. Cherry Chok HEAD OF PEOPLE OPERATIONS Responsible for HR and people operations across all regions. Zoe Hubbard DEPUTY COO Group initiatives and day - to - day operations; 20+ years in regulated finance. Chloe Low COMPLIANCE LEAD Previously VP at RHB Investment Bank; earlier at Citigroup Transaction Services. Timothy Shin SENIOR ADVISOR, APAC Leads APAC market involvement; California - licensed attorney based in Seoul.”

By 2030 1.7 trillion in commerce will run through AI agents.

“02 / 06 — THE OPPORTUNITY 02 The next platform shift needs money that moves like software . By 2030, $1.7 trillion in commerce will run through AI agents. — Edgar, Dunn & Co. 01 Who is First Digital 02 The Opportunity 03 Industry Trends & Drivers 04 Finance District Ecosystem 05 Why Us 06 Corporate · Financials · Transaction”

First Digital to build infrastructure for the agentic economy.

“First Digital Signs Definitive Agreement to Become a Publicly Listed Company to Build the Infrastructure for the Agentic Economy”

Finance District ecosystem for the agentic economy is live with four products including an AI assistant.

“Finance District, an on-chain ecosystem for the agentic economy developed by First Digital, is live with four products: District Pass, Agent Wallet, Prism and an AI assistant”

Finance District offers products for AI agents including wallet, identity, and payments.

“Finance District (fd.xyz) is an ecosystem for the agentic economy developed by First Digital: financial infrastructure for people and for the AI agents acting on their behalf. Four products are live today. District Pass is the single identity credential used across the ecosystem. Agent Wallet is a multi-chain wallet that AI agents operate through the Model Context Protocol (MCP), with a graphical interface for the people they act for. Prism is tooling that allows merchants and e-commerce platforms to accept digital-asset payments, including stablecoins, from their customers and from AI agents purchasing on their behalf. An AI assistant helps users transact and manage their activity across the platform.”

Finance District does not yet contribute material revenue and is at an early stage.

“Third-party projections indicate the scale of the opportunity: Edgar, Dunn & Company projects global agentic consumer-to-business spend of $136 billion in 2025, growing to $1.7 trillion by 2030, and Standard Chartered forecasts global stablecoin supply of approximately $2 trillion by 2028. The agentic economy is at an early stage, and Finance District does not yet contribute material revenue to First Digital; it is being built to provide the infrastructure that this economy will require.”

Company plans business combination to build infrastructure for the agentic economy.

“Today’s announcement is the next step: a definitive business combination agreement to take the company public to build the infrastructure for the agentic economy.”

First Digital is building Finance District for people and AI agents in commerce.

“Vincent Chok, Founder and Chief Executive Officer of First Digital, said: “First Digital was built by taking one thing at a time and getting it right. We launched FDUSD in 2023, and it has become one of the most actively traded stablecoins on centralised exchanges, fully backed by reserves that are attested every month. The next thing is Finance District: which we believe provides the infrastructure that people and their AI agents will need as commerce becomes agentic. We are at the beginning of that industry. A Nasdaq listing would give us access to public capital markets, the transparency of a listed company, and shareholders who can participate in building it with us.””

First Digital plans to launch Finance District with Prism, an agentic payments layer for AI agents.

“First Digital are ready to launch Finance District - a decentralized finance ecosystem built on a foundation of institutional trust, which will mark a major milestone for First Digital. At its core is Prism, an agentic payments and settlement layer that allows autonomous AI agents and digital assistants to transact, settle, and distribute value at machine speed using FDUSD. This unlocks an entirely new category of AI-powered finance—enabling businesses to automate revenue flows, streamline operational costs, and participate in a rapidly expanding on-chain economy without compromising compliance or reliability. With Finance District, First Digital is positioning itself at the forefront of the next wave of DeFi, where programmable payments, community governance, and real-world utility converge to create the financial infrastructure of the autonomous economy.”

First Digital plans launch of Finance District and agentic payments layer Prism later this year.

“First Digital Founder & CEO Vincent Chok: Taking the world’s first APAC-rooted and emerging-market-focused USD stablecoin issuer public is a milestone not just for First Digital, but for the evolution of digital finance globally. We have spent years building the infrastructure of trust. Transparent reserves, regulated structures, and institution-ready rails, and today marks the beginning of the next chapter. With the launch of the Finance District and our agentic payments layer, Prism, later this year we are opening the door to real-time, AI-powered settlement and a new generation of programmable commerce. This proposed combination with KOYN positions us to scale globally and continue shaping the future of trusted digital dollars.””