TechFlow, September 8 — According to Business Wire, Canadian digital asset infrastructure provider Tetra Digital Group has secured approximately $10 million in funding from investors including Urbana Corporation, Wealthsimple, Purpose Unlimited, Shakepay, ATB Financial, National Bank of Canada, and Shopify.
The company plans to launch Canada's first fiat-backed stablecoin through its subsidiary Tetra Trust in early 2026, pending regulatory approval. This will be Canada’s first stablecoin project issued by a regulated financial institution, with the stablecoin backed 1:1 by Canadian dollar reserves.
Tetra Digital Group stated that the new stablecoin will leverage its institutional-grade custody infrastructure to deliver stable, secure, and compliant digital currency services for businesses and consumers. The project will operate within Canada’s regulatory framework, with all reserves held domestically in Canada.
