Paytrie spinout Loon raises $3 million to oversee Canadian dollar-backed stablecoin
Calgary-based FinTech startup will become the new issuer of Paytrie’s CADC stablecoin.
Web3
Cybrid closes $10-million USD Series A round to bring stablecoins to the business mainstream
FinTech company gets backing from BDC Capital as Bank of Canada signals openness to stablecoin.
FINTRAC issues record-setting, $177-million fine against crypto exchange Cryptomus
Money laundering watchdog hands out hefty penalty for failure to submit over 1,000 suspicious transaction reports.
Canadian FinTech leaders told to finally expect open banking progress in fall budget
Sources say feds poised to deliver on next phase of long-delayed financial data-sharing legislation.
Mark Cuban-backed TransCrypts closes $20-million CAD seed round
Canadian-founded startup placing “significant focus” on hiring for its new Toronto office.
Tetra Trust parent secures backing from banks, FinTechs to launch Canadian stablecoin
ATB Financial, National Bank, Purpose Unlimited, Shakepay, Shopify, and Wealthsimple have backed Tetra’s vision.
WonderFi Q2 earnings show widening losses ahead of Robinhood takeover
A volatile crypto market has affected the Canadian startup’s final months of independence.
Mogo sells $13.8 million of WonderFi stake to buy Bitcoin ahead of Robinhood deal
The company increased Bitcoin holdings as part of a $50-million crypto treasury strategy.
Crypto giant Ripple to acquire stablecoin payments platform Rail for $275 million CAD
Ripple says acquisition will help drive stablecoin innovation and adoption in global payments.
WonderFi co-founder’s xTAO startup secures $31 million CAD for its decentralized AI network
The blockchain company is now publicly traded on the TSX Venture stock exchange.
Boris Wertz thinks science is the new moat for Canadian tech
The Version One Ventures investor explains why he bets big on AI, robotics, and Web3.
Canada’s digital sovereignty: why we can’t ignore stablecoins
The world is building new rails for money, but the Canadian dollar isn’t on them.
Shopify collaborates with Coinbase and Stripe to support USDC stablecoin payments
Feature roll out allows merchants to accept USDC and convert to their local currency.
Rails launches hybrid crypto exchange after raising $14 million USD in token warrant sale
Toronto and Miami’s Rails claims to provide self-custody without sacrificing performance.
Jim Balsillie calls on Ottawa to prioritize stablecoins at Inventures fireside with Premier Smith
Premier indicated willingness to add Web3 expert to the Alberta Securities Commission.