--- title: "Anchorage Digital Launches Custody for CADD Stablecoin" date: 2026-05-22 author: "Kathleen Kinder" featured_image: "https://coinlaw.io/wp-content/uploads/2026/05/anchorage-digital-launches-custody-for-cadd-stablecoin.jpg" categories: - name: "Cryptocurrency" url: "/crypto.md" tags: - name: "News" url: "/tag/news.md" --- # Anchorage Digital Launches Custody for CADD Stablecoin Anchorage Digital has launched institutional custody support for CADD, giving financial institutions regulated access to Canada’s first approved Canadian dollar stablecoin. ## Key Takeaways - Anchorage Digital now supports institutional custody for the CADD stablecoin. - CADD is backed 1:1 by Canadian dollars held in trust at a licensed Canadian trust company. - The stablecoin is designed for regulated on chain Canadian dollar settlement and payments. - CADD currently operates on Ethereum, Base, and Tempo, with Solana integration planned. ## What Happened? Anchorage Digital has introduced custody services for **CADD**, Canada’s first regulated Canadian dollar stablecoin issued through a financial institution. The move allows institutions such as asset managers, corporations, banks, and treasury desks to securely hold and transfer CADD using regulated digital asset infrastructure. The integration strengthens institutional access to blockchain based Canadian dollar settlement and cross border payment systems while aligning with Canada’s evolving stablecoin regulations. > Institutions can now custody CADD with [@Anchorage](https://twitter.com/Anchorage?ref_src=twsrc%5Etfw) Digital. > > Anchorage Digital is a federally chartered crypto bank and qualified custodian providing regulated digital asset custody infrastructure for institutional clients. > > CADD is Canada’s first regulated stablecoin issued by a… [pic.twitter.com/t9c4osm8MZ](https://t.co/t9c4osm8MZ) > > — Tetra Digital Group (@TetraDigitalGrp) [May 22, 2026](https://twitter.com/TetraDigitalGrp/status/2057827164976804286?ref_src=twsrc%5Etfw) ## Institutional Access Expands for CADD As of May 22, institutional clients can custody CADD through [Anchorage Digital](https://coinlaw.io/anchorage-digital-statistics/), a federally chartered crypto bank in the United States that provides regulated digital asset services including custody, settlement, and staking. According to Tetra Digital Group, “**institutions can now custody CADD with Anchorage Digital**,” allowing organizations to integrate the stablecoin into existing treasury and payment workflows without relying on retail exchanges or self custody solutions. The addition of CADD gives institutions a regulated pathway to access digital Canadian dollars while maintaining compliance and enterprise grade security standards. Anchorage Digital’s infrastructure is widely used by financial institutions and fintech firms seeking secure exposure to digital assets. By adding support for CADD, the company is expanding its stablecoin custody offerings amid growing institutional demand for compliant blockchain based payment solutions. ## CADD Backed 1:1 by Canadian Dollars CADD is issued by Tetra Digital Group through CAD Digital Inc. and is backed 1:1 by Canadian dollars held in trust at Tetra Trust Company, a licensed Canadian trust company. According to the project’s launch details, reserves are held in cash and cash equivalents at Canadian financial institutions. This structure is designed to ensure stability, transparency, and redemption reliability for institutional users. Tetra Digital Group describes CADD as Canada’s first payment [stablecoin](https://coinlaw.io/decentralized-stablecoins-adoption-statistics/) issued through a regulated financial institution. The stablecoin received approval from Alberta Treasury Board and Finance, making it one of the first regulated digital asset payment infrastructures in the country. The company said the approval allows Canadian dollars to move across blockchain networks under a financial services regulatory framework. ## Canada’s Stablecoin Rules Continue to Evolve CADD enters the market as Canada moves closer to implementing a [formal federal stablecoin regime](https://coinlaw.io/canada-stablecoin-rules-2026-transparency-trust/). Regulators are expected to require fiat backed stablecoin issuers to maintain full reserve backing, use qualified custodians, and separate customer assets from company funds. The framework also focuses on maintaining high quality liquid reserves and ensuring stablecoins can be redeemed at par value. Industry observers view CADD as an important step toward regulated digital payment rails in Canada. Unlike some earlier Canadian dollar stablecoins, CADD operates under provincial regulatory oversight and follows prudential financial standards. This regulatory positioning could make the stablecoin more attractive to banks, fintech firms, and institutional investors seeking compliant digital settlement tools. ## Multi Chain Expansion Plans CADD is currently available on **[Ethereum](https://coinlaw.io/solana-vs-ethereum-statistics/)**, **Base**, and **Tempo** networks. Tetra Digital Group also plans to expand support to **[Solana](https://coinlaw.io/solana-statistics/)**, increasing access for developers and institutions across multiple blockchain ecosystems. The multi chain strategy is aimed at improving interoperability and allowing businesses to integrate digital Canadian dollar payments into existing blockchain applications and financial systems. For Anchorage Digital, the launch comes during a period of [rising institutional crypto adoption](https://coinlaw.io/cryptocurrency-adoption-by-institutional-investors-statistics/). The company previously reported an 80 percent quarterly increase in assets under custody as institutional investors shifted toward regulated custodial platforms following several major crypto industry collapses. ## CoinLaw’s Takeaway I think this is a major step forward for regulated stablecoins in Canada. In my experience, institutions care less about hype and more about compliance, custody, and trust. CADD’s partnership with Anchorage Digital checks those boxes. I found the regulatory angle especially important because it shows how traditional finance and blockchain infrastructure are starting to work together instead of competing against each other. If Canada continues building clear stablecoin rules, projects like CADD could become a serious option for cross border payments, treasury operations, and institutional settlement in the coming years. Definition of Staking. Link to full glossary entry follows the description.**Staking**Staking is the process of locking cryptocurrency in a proof-of-stake network to help validate transactions and earn rewards, replacing energy-intensive mining. [Read more](https://coinlaw.io/glossary/staking/) Definition of Cross-Chain. Link to full glossary entry follows the description.**Cross-Chain**Cross-chain is the ability to move data or assets between separate blockchains via bridges, messaging protocols, or interoperability networks. [Read more](https://coinlaw.io/glossary/cross-chain/)