Defi portfolio firm cheers approval of QCAD stablecoin

Executive Summary

• Defi Technologies Inc. announces that its venture portfolio company, Canada Stablecorp Inc., has achieved a landmark regulatory milestone with the QCAD Digital Trust receiving a final prospectus receipt, making QCAD Canada's first compliant Canadian-dollar stablecoin.
• Defi Technologies intends to leverage its strategic partnership with Stablecorp to scale QCAD across its product and trading platforms, focusing on product development, liquidity provision, and security infrastructure.
• The company outlines specific plans to develop QCAD-integrated Exchange-Traded Products (ETPs), yield products, and structured solutions, while positioning itself as a preferred liquidity provider for institutional-grade execution and cross-border payments.

Key Details

• Regulatory Milestone: QCAD Digital Trust received a final receipt for its prospectus, qualifying the distribution of QCAD tokens under Canada's current regulatory framework for stablecoins.
• Strategic Partnership: Defi Technologies holds a strategic investment and commercial collaboration with Stablecorp, originally announced on September 25, 2025.
• Product Development: Defi Technologies, including its subsidiary Valour Inc., plans to develop QCAD-integrated products such as Canadian-dollar-linked ETPs, yield products, and structured solutions for retail and institutional investors.
• Liquidity and Market Access: Defi Technologies will act as a preferred liquidity provider for QCAD, supporting institutional-grade execution, on/off-ramps, and mint/redeem flows, particularly in Canada-U.S. trade and cross-border payment corridors.
• Security Infrastructure: In coordination with BTQ Technologies Corp., Defi Technologies intends to support the development of a post-quantum security roadmap for QCAD to address future systemic importance and volume scaling.
• Revenue Strategy: The partnership aims to create new recurring fee and spread revenue streams through the launch of linked ETPs, structured products, and deepened institutional on/off-ramp flows.

Notable Quotes

• "With this milestone, we have laid the rails for a new financial system -- one is more open, efficient and accessible for every Canadian," said Kesem Frank, CEO of Stablecorp.
• "QCAD's approval as Canada's first compliant [Canadian-dollar] stablecoin is a pivotal milestone for Stablecorp and for the Canadian digital asset market... Having a fully regulated Canadian-dollar rail fits squarely within our strategy of backing category-defining infrastructure," said Johan Wattenstrom, CEO and Executive Chairman of Defi Technologies.
• "From a business perspective, QCAD gives us a powerful building block for the next phase of Defi Technologies' growth... we see opportunities to launch [Canadian-dollar]-linked ETPs and structured products, deepen institutional on- and off-ramp flows, and ultimately create new, recurring fee and spread revenue streams," said Andrew Forson, President of Defi Technologies.