CSLM Digital Asset Corp Raises $200M for Blockchain Infrastructure IPO

CSLM Digital Asset Acquisition Corp III, Ltd has launched a $200 million IPO on Nasdaq under the ticker KOYNU, targeting blockchain infrastructure companies in emerging markets. The firm, newly formed as a Special Purpose Acquisition Company (SPAC), aims to support these companies’ growth by addressing foundational digital asset sectors such as wallets and custody solutions. This move signals a shift from speculative token investments to strategic focus on developing critical blockchain infrastructure for the future of finance.