Tetra Digital Secures $10M to Launch Canada’s First Regulated Dollar-Backed Stablecoin by 2026

Tetra Digital Group has raised $10 million CAD to launch Canada’s first regulated Canadian dollar stablecoin.The project is backed by major players including Shopify, Wealthsimple, Shakepay, ATB Financial, National Bank of Canada, Purpose Unlimited, and Urbana Corporation.

The stablecoin, targeted for early 2026, will be issued through Tetra Trust—a regulated digital asset custodian—and fully backed one-to-one with Canadian dollars held in Canada.

This marks the first serious move by Canadian financial institutions into regulated stablecoins, a step that brings the country in line with other G7 markets while keeping tight oversight and economic control.

Tetra Digital, spun out of Tetra Trust earlier in 2025, has also launched a digital asset platform called “Tetra Unity.” With the new funding, the company plans to scale both its custody business and the stablecoin initiative.

In short: Tetra Digital is bringing a regulated, fully backed Canadian dollar stablecoin to market by 2026, with strong support from Canada’s financial and fintech heavyweights.