CADD Stablecoin Partners with Anchorage Digital for Institutional Custody

Tetra Digital Group has partnered with Anchorage Digital to offer custody services for its CADD stablecoin, a regulated Canadian dollar token issued by a financial institution. This partnership allows institutional clients to hold CADD within their existing workflows, providing a secure and compliant solution.

The CADD stablecoin is designed to be backed 1:1 by Canadian dollars held in trust at Tetra Trust Company, a licensed Canadian trust company. Each token is redeemable for one Canadian dollar, making it suitable for domestic payments, treasury, and cross-border transfers.

Anchorage Digital's custody services are designed to meet the growing demand for institutional-grade digital asset infrastructure. The firm has seen an increase in assets under custody in recent years, with investors seeking safer venues after a series of crypto insolvencies.