Overview
- On Friday, May 22, Anchorage Digital announced it will provide regulated institutional custody for CADD, linking the stablecoin’s launch to mainstream custody and settlement systems.
- CADD is issued by Tetra Digital Group through Tetra Trust Company and is backed 1:1 by Canadian dollars held in trust under approval from the Alberta Treasury Board and Finance.
- The token is already live on Ethereum, Base and Tempo with a planned rollout on Solana, giving developers and corporate treasuries multiple on-chain rails for CAD settlement.
- Anchorage’s custody lets asset managers, corporate treasury desks and fintechs hold CADD inside existing institutional workflows instead of using retail exchanges or self-custody.
- The integration positions CADD to meet Canada’s emerging federal stablecoin expectations for high-quality reserves and qualified custodians and could speed institutional use for payments, treasury and cross-border settlement as custody demand grows.