DeFi Technologies Inc., a financial technology company bridging the gap between traditional capital markets and decentralized finance (“DeFi”), is pleased to announce that its venture portfolio company Canada Stablecorp Inc. (“Stablecorp”) and the QCAD Digital Trust have achieved a significant national milestone, with QCAD approved as Canada’s first compliant CAD stablecoin.
Stablecorp announced that, following a multi-year regulatory approval process, the QCAD Digital Trust has received a final receipt for the prospectus qualifying the distribution of QCAD tokens pursuant to Canada’s current regulatory framework for stablecoins. This milestone establishes a new benchmark for compliant, CAD-denominated digital money and lays the groundwork for broader adoption of tokenized Canadian dollars across payments and capital markets.
Stablecorp is part of DeFi Technologies’ venture portfolio, following the strategic investment and commercial collaboration first announced on September 25, 2025. Through this partnership, DeFi Technologies intends to help scale QCAD as a core Canadian-dollar rail across its product and trading platform.
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DeFi Technologies and Stablecorp intend to focus on scaling QCAD across three core areas:
- Product development:
DeFi Technologies, directly and through Valour Inc. (“Valour”), plans to develop QCAD-integrated products, including CAD-linked ETPs, yield products, and structured solutions that provide regulated access to the digital asset economy for retail and institutional investors. - Liquidity and market access:
DeFi Technologies is positioned as a preferred liquidity provider for QCAD, supporting institutional-grade execution, on/off-ramps, and mint/redeem flows in key corridors such as Canada–U.S. trade and cross-border payments. - Security and future-proofing:
In coordination with BTQ Technologies Corp. (“BTQ”), a quantum security leader and partner to DeFi Technologies, the Company intends to support the development of a post-quantum security roadmap for QCAD as volumes and systemic importance scale over time.
“With this milestone, we have laid the rails for a new financial system—one that is more open, efficient, and accessible for every Canadian,” said Kesem Frank, Stablecorp CEO. “We are excited to work with our DeFi Technologies partners in positioning QCAD as more than just a token; rather as a key to unlocking Canada’s digital potential.”
“QCAD’s approval as Canada’s first compliant CAD stablecoin is a pivotal milestone for Stablecorp and for the Canadian digital asset market,” said Johan Wattenström, Chief Executive Officer and Executive Chairman of DeFi Technologies. “Having a fully regulated Canadian-dollar rail fits squarely within our strategy of backing category-defining infrastructure and allows us to support QCAD’s growth across our platform and our broader institutional network.”
“From a business perspective, QCAD gives us a powerful building block for the next phase of DeFi Technologies’ growth,” said Andrew Forson, President of DeFi Technologies. “We see opportunities to launch CAD-linked ETPs and structured products, deepen institutional on- and off-ramp flows, and ultimately create new, recurring fee and spread revenue streams, all while aligning with Canada’s evolving regulatory framework for digital assets.”
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