Key Takeaways
- Stablecorp Digital Currencies Inc. announced that the QCAD digital token, a Canadian‑dollar‑denominated stablecoin, is now listed on Kraken, a regulated crypto‑asset exchange in Canada.
- The listing gives Canadians a compliant way to hold and move CAD‑value on‑chain while accessing global liquidity, 24/7 markets, and new digital‑finance use cases.
- QCAD is backed by reserve assets held in the QCAD Digital Trust; Stablecorp serves as the trustee and infrastructure provider.
- Kraken’s rigorous listing standards and long‑standing reputation reinforce QCAD’s credibility as a major crypto instrument for institutional and retail users.
- The release includes forward‑looking statements cautioning that actual results may differ due to risks and uncertainties outlined in the companies’ securities filings.
Announcement Overview
On April 20, 2026, Stablecorp Digital Currencies Inc. (“Stablecorp”), acting as servicer of the QCAD Digital Trust (the “Trust”), issued a press release through Newsfile Corp. announcing the listing of the QCAD digital token (“QCAD”) on the Kraken crypto‑asset trading platform. Kraken, a registered Restricted Dealer in Canada and one of the world’s longest‑standing crypto exchanges, will enable QCAD to be traded against a variety of digital and fiat pairs. The announcement positions QCAD as a Canadian‑dollar‑denominated stablecoin designed to bridge traditional finance and blockchain‑based markets.
About QCAD
QCAD is an Ontario‑trust‑issued stablecoin whose value is pegged one‑to‑one with the Canadian dollar. The QCAD Digital Trust holds the reserve assets that back each token, ensuring full collateralization and regulatory compliance. Stablecorp, a Canadian leader in digital‑asset infrastructure, manages the trust and provides the technical framework that enables QCAD to operate on‑chain. Detailed information about the reserve composition, terms and conditions, and audit reports is available on Stablecorp’s website (www.stablecorp.ca) and the Trust’s profile on SEDAR+ (www.sedarplus.ca).
Strategic Rationale for Canadians
Mark Greenberg, Global Head of Consumer at Kraken, highlighted that Canadians are at the forefront of digital‑asset adoption because they seek greater financial choice. By listing QCAD on Kraken, the platform offers a compliant, CAD‑anchored stablecoin that lets Canadians retain exposure to their home currency while tapping into global liquidity and 24/7 crypto markets. Greenberg described the move as a practical step toward migrating traditional financial functions onto blockchain infrastructure, thereby expanding the utility of the Canadian dollar in a digital context.
Stablecorp’s Vision
Kesem Frank, CEO of Stablecorp, emphasized that the Kraken listing serves as a significant vote of confidence in QCAD and in Canada’s role within the global digital economy. He noted that meeting Kraken’s stringent listing criteria validates QCAD as a robust crypto instrument capable of supporting international capital flows. Frank framed the initiative as part of Stablecorp’s broader mission to create a “Global Gateway” for Canadians, allowing them to seamlessly access the opportunities presented by worldwide digital markets while remaining anchored to the Canadian dollar.
Benefits for Users
The availability of QCAD on Kraken unlocks several practical advantages for both institutional clients and individual Canadian customers. First, it enables seamless global participation: users can hold and transfer Canadian‑dollar‑denominated value on‑chain without relying on legacy payment rails, reducing friction when moving funds across borders. Second, the listing deepens liquidity for CAD‑denominated trading pairs, which helps tighten spreads and improve price discovery for major assets such as BTC, ETH, and USDC. Third, unlike traditional foreign‑exchange markets that operate on limited hours, crypto markets trade around the clock; QCAD/Kraken pairs give users 24/7 access to manage exposure, deploy capital, and react to market conditions in real time.
Institutional and Retail Impact
Institutional players—including hedge funds, asset managers, and corporate treasuries—can now use QCAD as a stable settlement layer for cross‑border trades, hedging strategies, and yield‑generating activities on DeFi platforms, all while maintaining a CAD anchor. Retail investors gain a familiar, low‑volatility entry point into the crypto ecosystem, allowing them to experiment with staking, lending, or liquidity provision without the currency‑risk associated with non‑stable tokens. The dual appeal to both sophisticated and novice users is expected to drive broader adoption of QCAD across Canada’s financial landscape.
About Kraken
Founded in 2011, Kraken has grown into one of the world’s most established crypto‑asset platforms, serving millions of institutions, professional traders, and everyday users. The exchange lists more than 600 digital assets, alongside traditional instruments such as U.S. futures, U.S.-listed stocks and ETFs, and six national currencies (GBP, EUR, USD, CAD, CHF, AUD). Kraken is renowned for its speed, liquidity, and performance, and it upholds rigorous security and privacy standards. Notably, Kraken was the first crypto platform to implement a Proof‑of‑Reserves audit, reinforcing its commitment to transparency and client trust.
Kraken’s Product Suite
Kraken’s ecosystem includes the Kraken App for simple buy‑sell transactions, Kraken Pro for advanced charting and order types, the Kraken Institutional suite tailored to professional investors, on‑chain offerings that enable direct interaction with blockchain networks, and the Ninja Trader retail trading platform for active traders. Across these products, users can stake assets, earn rewards, send and receive payments, custody holdings, and access derivatives, portfolio‑management tools, and other sophisticated financial services. This breadth of offerings ensures that QCAD holders can leverage the token within a comprehensive trading and investment environment.
Forward‑Looking Statements and Disclaimer
The press release contains forward‑looking statements reflecting Stablecorp’s current expectations, objectives, strategies, beliefs, and intentions regarding the QCAD listing and its potential impact. Such statements are identified by words like “may,” “will,” “plan,” “expect,” “anticipate,” “estimate,” and similar language. They are based on management’s present assumptions and are inherently subject to risks, uncertainties, and external factors that could cause actual results to differ materially. Readers are cautioned not to place undue reliance on these projections, and Stablecorp disclaims any obligation to update or revise the statements except as required by applicable law. Detailed risk factors are disclosed in the companies’ securities filings accessible via www.sedarplus.ca.
How to Obtain More Information
For further details about QCAD, including reserve assets, terms and conditions, and audit reports, interested parties should visit Stablecorp’s website at www.stablecorp.ca or consult the QCAD Digital Trust profile on SEDAR+ at www.sedarplus.ca. Information regarding Kraken’s platform, product lineup, regulatory compliance, and security practices can be found at www.kraken.com. The full press release is available for viewing at the Newsfile Corp. link: https://www.newsfilecorp.com/release/293401.