CSLM Digital Asset Acquisition Corp III has successfully completed a $200 million initial public offering (IPO). Trading of the company’s units under the ticker symbol “KOYNU” on the Nasdaq stock exchange begins August 27, 2025. The IPO highlights growing interest in digital asset investments and sets the stage for the company to invest in blockchain infrastructure. The IPO was led by CEO Charles T. Cassel III and Chairman Vik Mittal, who possess experience from Consilium Investment Management and Meteora Capital. 20 million units were issued at $10 each. Strong institutional backing is indicated by bookrunner Cohen & Company Securities. This listing potentially contributes to blockchain infrastructure development but its impact on cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH) remains unclear, at least for now.