Stablecorp Taps VersaBank for QCAD Custody, Boosting CAD Stablecoin Infrastructure

DeFi Technologies Inc. cemented its strategic vision with the announcement of VersaBank's selection as custodian for Stablecorp's QCAD Digital Trust. This move bolsters the regulatory-grade infrastructure supporting QCAD, Canada's first compliant CAD stablecoin. VersaBank, a Schedule I bank, will earn fees based on assets held, providing a new revenue stream.

For DeFi Technologies, an investor in Stablecorp, this partnership validates its QCAD strategy, enhancing product development, liquidity, and market access. The federally regulated custody agreement aims to further QCAD adoption, strengthening institutional confidence as it integrates into financial workflows.

Andrew Forson, President of DeFi Technologies, emphasizes the growing importance of robust custody frameworks for stablecoins. As Stablecorp pioneers digital currency solutions, they aim to connect Canada’s financial infrastructure securely with the global economy, aligning with DeFi Technologies’ strategic objectives.