QCAD becomes Canada's first regulatory-compliant CAD stablecoin

DeFi Technologies Inc. (NASDAQ: DEFT) announced that its venture portfolio company Canada Stablecorp Inc. and the QCAD Digital Trust have received regulatory approval for QCAD as Canada's first compliant Canadian dollar stablecoin.

Following a multi-year regulatory approval process, the QCAD Digital Trust received a final receipt for the prospectus qualifying the distribution of QCAD tokens under Canada's current regulatory framework for stablecoins, according to the company's statement.

DeFi Technologies invested in Stablecorp through a strategic investment and commercial collaboration announced on September 25, 2025. The company plans to integrate QCAD across three areas: product development including CAD-linked exchange-traded products and yield products through subsidiary Valour Inc., liquidity provision and market access for institutional clients, and security development with partner BTQ Technologies Corp.

"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.

The QCAD Digital Trust is an Ontario trust that holds reserve assets on behalf of QCAD token holders. Stablecorp operates as a digital asset infrastructure company focused on blockchain solutions.

DeFi Technologies operates as a financial technology company connecting traditional capital markets with decentralized finance. The company's subsidiaries include Valour, which offers digital asset exchange-traded products, Stillman Digital for institutional execution and custody, and Reflexivity Research for digital asset research.

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