DeFi Technologies Inc. announced that its venture portfolio company Canada Stablecorp and the QCAD Digital Trust have received final regulatory approval, making QCAD the first compliant Canadian‑dollar stablecoin in Canada. The approval was granted after the QCAD Digital Trust received a final prospectus receipt from the Canadian Securities Administrators on November 20, 2025, and the announcement was made on November 26, 2025.
The approval allows QCAD to be distributed under Canada’s stablecoin framework, enabling DeFi Technologies to launch a range of CAD‑linked exchange‑traded products, yield‑generating instruments, and structured solutions through its Valour subsidiary. The company also plans to serve as a preferred liquidity provider, supporting institutional‑grade execution, on‑ and off‑ramps, and cross‑border payment corridors. QCAD is backed 1‑to‑1 by Canadian‑dollar reserves held at regulated financial institutions, giving it full regulatory compliance and trustworthiness.
Management highlighted the strategic significance of the milestone. CEO and Executive Chairman Johan Wattenström said the approval “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.” President Andrew Forson added that the stablecoin “provides a powerful building block for the next phase of growth, opening opportunities to launch CAD‑linked ETPs, deepen institutional on‑ and off‑ramp flows, and create new recurring fee and spread revenue streams.”
The approval comes amid Canada’s evolving stablecoin regulatory framework, including Bill C‑15, which requires issuers to register with the Bank of Canada and maintain reserves. QCAD’s compliance positions DeFi Technologies as a pioneer in regulated digital‑asset infrastructure, potentially attracting institutional capital and expanding its product portfolio. The company’s strategic investment in Stablecorp, announced on September 25, 2025, further strengthens its ecosystem and underpins the launch of QCAD.
The announcement was well received by investors, with analysts noting the strategic importance of a compliant CAD‑stablecoin for institutional adoption and cross‑border payments. The approval is expected to accelerate DeFi Technologies’ expansion into regulated digital‑asset markets and enhance its competitive moat in a highly regulated environment.
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