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Tetra Trust

CADD Stablecoin Moves Between Banks in Milestone Trial

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Canadian fintech Tetra Digital Group says CAD Digital has completed testnet transactions for CADD, a fiat-backed Canadian-dollar stablecoin targeting a Q1 2026 launch. Tests moved CADD between Wealthsimple and National Bank and across Purpose, ATB Financial, and others, marking the first inter-institution transfers of a CAD stablecoin.

Tetra says CADD will be issued by a financial institution, backed one-to-one by Canadian dollars held domestically, and built on regulated custody and compliance rails. New design partners include Aquanow, Cybrid, Float, KOHO, Sling Money, Tempo, and WealthONE, expanding development amid stablecoin rules.

Want to know more? Check out the source code on Fintech.ca.

Lacavera-Controlled Bank Partners on Canadian Dollar Stablecoin

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Wealth One Bank, controlled by Anthony Lacavera’s Globalive investment fund, has joined efforts to design and test a proposed Canadian dollar stablecoin known as CADD. The bank is partnering with Tetra alongside fintechs including Float, Koho, and Aquanow. Canadian lenders have increased crypto experimentation with encouragement from federal regulator OSFI, which has eased restrictions.

Tetra said recent test transactions showed CADD moving between Wealthsimple, Purpose, ATB Financial, and National Bank, all project backers. The initiative comes as Ottawa advances a regulatory framework for stablecoins, with legislation tabled in November. Wealth One was acquired by Globalive in July.

Want to know more? Check out the source code on The Logic.

Canadian Investors Back Fiat-Backed Digital Currency Initiative

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Calgary-based Tetra Digital Group has raised $10 million to develop Canada’s first stablecoin backed by fiat currency. Investors include Wealthsimple, Purpose Unlimited, Shakepay, ATB Financial, National Bank, Shopify, and Urbana. The stablecoin, slated to launch in 2026, will be fully backed by Canadian dollars and secured through Tetra’s institutional-grade custody platform.

CEO Didier Lavallée said the initiative represents a milestone for Canadian financial sovereignty, uniting established institutions and fintech leaders. Founded in 2019, Tetra operates Tetra Trust, Canada’s first licensed digital asset custodian, and has worked with Coinbase, Coinsquare, and Figment.

Want to know more? Check out the source code on Fintech.ca.

Wealthsimple Picks Tetra as First Canadian Custodian

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Wealthsimple has named Calgary-based Tetra Trust as its first Canadian digital asset custodian. Wealthsimple, which began offering crypto in 2020 and now supports nearly 100 tokens, praised Tetra’s regulatory approach and domestic infrastructure. “Tetra Trust has a solid track record,” said Blair Wiley, Chief Legal Officer at Wealthsimple.

Tetra, founded in 2019, holds digital assets in cold storage using institutional-grade protection. CEO Didier Lavallée called the move “a significant milestone.” Wealthsimple continues expanding its product lineup and profitability, recently acquiring San Francisco’s Plenty. The partnership signals a deepening of Canada’s financial infrastructure for regulated crypto custody.

Want to know more? Check out the source code on Fintech.ca.

Canadian Crypto Custodian Tetra Trust Teams Up with Figment

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Calgary-based Tetra Trust has forged a partnership with global staking solutions expert, Figment, to offer digital asset staking services to institutional clients in Canada. Digital asset staking involves locking and holding cryptocurrencies in a wallet to support blockchain networks and earn rewards.

Tetra joins a select group of Canadian companies providing this service. The collaboration with Figment allows Tetra to seamlessly offer staking solutions. Tetra’s keys are securely located in Canada, ensuring compliance with Canadian regulations.

Didier Lavallée, Tetra’s CEO, expressed excitement about the partnership and its impact on their position as a preferred digital asset custody service in Canada.

Tetra holds $1 billion of digital assets under custody and enjoys backing from industry players WonderFi, Coinbase Ventures, and MOGO.

Want to know more? Check out the source code on Fintech.ca.