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Stablecoins: Tetra Digital Raises $10M to Create a Regulated Canadian Dollar Stablecoin
Tetra Digital Group secured $10 million from major Canadian banks and fintech firms to develop a Canadian dollar stablecoin for business payment settlements by early 2026.
- On September 8, 2025, Tetra Digital Group announced a $10 million CAD investment round to develop a Canadian dollar-pegged stablecoin in Canada.
- This investment follows Tetra Trust becoming Canada's first regulated crypto custodian in 2021 and growing regulatory interest amid unclear federal stablecoin rules.
- The funding round included Canadian fintech and financial firms such as Wealthsimple, Shopify, ATB Financial, National Bank, and Urbana Corporation, supporting an institutional-grade, compliant stablecoin.
- CEO Didier Lavallée said the stablecoin will leverage Tetra’s custody infrastructure and aims to provide businesses with a secure 1:1 Canadian dollar-backed digital currency by early 2026.
- The launch marks a significant step toward Canadian financial innovation, potentially enhancing payment efficiency while the sector awaits federal legislation on stablecoins.
12 Articles
12 Articles
Stablecoins: Tetra Digital Raises $10M to Create a Regulated Canadian Dollar Stablecoin
Tetra Digital Group, a digital asset custodian based in Alberta, Canada, said on Monday it has raised around $10 million to develop and issue a regulated stablecoin pegged to the Canadian dollar.Backers of the project include Shopify, Wealthsimple, Purpose Unlimited, Shakepay, ATB Financial, National Bank and Urbana Corporation, which has held a majority stake in Tetra since April.The firm aims to roll out the stablecoin in early 2026, subject t…
Financial Post
Business WireTetra Digital Group Aims to Pioneer Regulated Stablecoin Issuance in Canada
Financial service market leaders Urbana Corporation, Wealthsimple, Purpose Unlimited, Shakepay, ATB Financial, National Bank of Canada, and Shopify invest in ground…
NiagaraFallsReview.ca
Urbana Corporation Announces Additional Investment in Tetra Digital Group to Develop and Launch Canada’s First Canadian Dollar-backed Stablecoin
TORONTO, Sept. 08, 2025 (GLOBE NEWSWIRE) -- Urbana Corporation ("Urbana") (TSX and CSE: URB, URB.A) is pleased to announce that it has made an additional investment of $3.5 million in Tetra Digital Group Inc. (“Tetra”), Canada’s leading institutional digital technology…
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