According to BlockBeats, Tetra Digital Group, a developer of Canadian dollar stablecoins, has raised approximately $10 million in funding. The investment round included participation from Shopify, Wealthsimple, Purpose Unlimited, Shakepay, ATB Financial, National Bank, and Urbana Corporation.
The company plans to launch the stablecoin in early 2026, pending regulatory approval. The token will be issued through Tetra Trust, a regulated digital asset custody subsidiary, and will be backed 1:1 by Canadian dollar reserves held within Canada.