DeFi Technologies Announces Landmark Milestone for Venture Portfolio Company Stablecorp as QCAD Becomes Canada's First Compliant CAD Stablecoin

Rhea-AI Summary

DeFi Technologies (Nasdaq: DEFT) said its venture portfolio company Stablecorp and the QCAD Digital Trust received a final receipt for a prospectus, qualifying distribution of QCAD as Canada's first compliant CAD stablecoin on Nov 26, 2025. DeFi Technologies plans to scale QCAD via product development (CAD-linked ETPs, yield and structured products), provide liquidity and market access as a preferred liquidity provider, and support a post-quantum security roadmap with BTQ.

The partnership follows DeFi's strategic investment announced Sep 25, 2025.

Positive

• QCAD received a final prospectus receipt (regulatory approval)
• First compliant CAD stablecoin in Canada
• DeFi intends to develop CAD-linked ETPs and yield products
• DeFi positioned as preferred liquidity provider for QCAD
• Partnership with BTQ to build post-quantum security roadmap

Negative

• None.

Insights

Capital markets strategist

QCAD's regulatory approval creates a regulated CAD token rail and opens product and liquidity pathways for DeFi Technologies.

DeFi Technologies gains a regulated, Canadian‑dollar digital-asset building block via its venture portfolio company Stablecorp and the QCAD Digital Trust, now approved as Canada’s first compliant CAD stablecoin on Nov 26, 2025. The company plans to integrate QCAD across product development (including CAD‑linked ETPs, yield products, and structured solutions), liquidity provision, and security work with BTQ. These are explicit commercial levers that can translate regulatory progress into fee and spread revenue if execution follows the stated plan.

The announcement also highlights dependencies and implementation risks that will affect materiality: QCAD required a multi‑year regulatory approval process, and DeFi Technologies’ role centers on scaling, market making, and product integration rather than ownership of the regulatory approval itself. Continued regulatory compliance, sufficient on/off‑ramp liquidity, and successful technical integration across Valour and other platforms are explicit prerequisites cited in the release. The mention of a post‑quantum security roadmap with BTQ Technologies Corp. indicates attention to long‑term operational resilience as volumes grow.

Concrete, monitorable items include the commercial collaboration first announced on Sep 25, 2025, the roll‑out of QCAD‑integrated products (CAD‑linked ETPs, yield and structured products), and DeFi Technologies’ role as preferred liquidity provider and mint/redeem facilitator. Expect the near term to focus on product launches and liquidity onboarding; track announcements on specific product listings, liquidity corridors (Canada–U.S. and cross‑border payments), and technical/security milestones. The disclosed facts support a positive commercial impact if those initiatives proceed as described.

TORONTO, Nov. 26, 2025 /PRNewswire/ - DeFi Technologies Inc. (the "Company" or "DeFi Technologies") (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B), a financial technology company bridging the gap between traditional capital markets and decentralized finance ("DeFi"), is pleased to announce that its venture portfolio company Canada Stablecorp Inc. ("Stablecorp") and the QCAD Digital Trust have achieved a significant national milestone, with QCAD approved as Canada's first compliant CAD stablecoin.

Stablecorp announced that, following a multi-year regulatory approval process, the QCAD Digital Trust has received a final receipt for the prospectus qualifying the distribution of QCAD tokens pursuant to Canada's current regulatory framework for stablecoins. This milestone establishes a new benchmark for compliant, CAD-denominated digital money and lays the groundwork for broader adoption of tokenized Canadian dollars across payments and capital markets.

Stablecorp is part of DeFi Technologies' venture portfolio, following the strategic investment and commercial collaboration first announced on September 25, 2025. Through this partnership, DeFi Technologies intends to help scale QCAD as a core Canadian-dollar rail across its product and trading platform.

How DeFi Technologies Plans to Support QCAD

DeFi Technologies and Stablecorp intend to focus on scaling QCAD across three core areas:

• Product development:
  DeFi Technologies, directly and through Valour Inc. ("Valour"), plans to develop QCAD-integrated products, including CAD-linked ETPs, yield products, and structured solutions that provide regulated access to the digital asset economy for retail and institutional investors.
  
  
• Liquidity and market access:
  DeFi Technologies is positioned as a preferred liquidity provider for QCAD, supporting institutional-grade execution, on/off-ramps, and mint/redeem flows in key corridors such as Canada–U.S. trade and cross-border payments.
  
  
• Security and future-proofing:
  In coordination with BTQ Technologies Corp. ("BTQ"), a quantum security leader and partner to DeFi Technologies, the Company intends to support the development of a post-quantum security roadmap for QCAD as volumes and systemic importance scale over time.

"With this milestone, we have laid the rails for a new financial system—one that is more open, efficient, and accessible for every Canadian," said Kesem Frank, Stablecorp CEO. "We are excited to work with our DeFi Technologies partners in positioning QCAD as more than just a token; rather as a key to unlocking Canada's digital potential."

"QCAD's approval as Canada's first compliant CAD stablecoin is a pivotal milestone for Stablecorp and for the Canadian digital asset market," said Johan Wattenström, Chief Executive Officer and Executive Chairman of DeFi Technologies. "Having a fully regulated Canadian-dollar rail fits squarely within our strategy of backing category-defining infrastructure and allows us to support QCAD's growth across our platform and our broader institutional network."

"From a business perspective, QCAD gives us a powerful building block for the next phase of DeFi Technologies' growth," said Andrew Forson, President of DeFi Technologies. "We see opportunities to launch CAD-linked ETPs and structured products, deepen institutional on- and off-ramp flows, and ultimately create new, recurring fee and spread revenue streams, all while aligning with Canada's evolving regulatory framework for digital assets."

About the QCAD Digital Trust and Stablecorp
The QCAD Digital Trust is an Ontario trust that holds the reserve assets on behalf of holders of QCAD. Stablecorp is one of Canada's leading digital asset infrastructure companies, focused on building professional-grade blockchain solutions. In partnership with industry leaders, Stablecorp creates refined, scalable and compliant products, such as QCAD, that serve as the foundation for the next generation of financial services. Further information about QCAD, including the reserve assets and the terms and conditions associated with the QCAD program can be found on the Stablecorp website (www.stablecorp.ca) and under the trust's profile on SEDAR+ at www.sedarplus.ca.

About DeFi Technologies
DeFi Technologies Inc. (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B) is a financial technology company bridging the gap between traditional capital markets and decentralized finance ("DeFi"). As the first Nasdaq-listed digital asset manager of its kind, DeFi Technologies offers equity investors diversified exposure to the broader decentralized economy through its integrated and scalable business model. This includes Valour, which offers access to one hundred of the world's most innovative digital assets via regulated ETPs; Stillman Digital, a digital asset prime brokerage focused on institutional-grade execution and custody; Reflexivity Research, which provides leading research into the digital asset space; Neuronomics, which develops quantitative trading strategies and infrastructure; and DeFi Alpha, the Company's internal arbitrage and trading business line. With deep expertise across capital markets and emerging technologies, DeFi Technologies is building the institutional gateway to the future of finance. Follow DeFi Technologies on LinkedIn and X/Twitter, and for more details, visit https://defi.tech/ 

DeFi Technologies Subsidiaries

About Valour
Valour Inc. and Valour Digital Securities Limited (together, "Valour") issues exchange traded products ("ETPs") that enable retail and institutional investors to access digital assets in a simple and secure way via their traditional bank account. Valour is part of the asset management business line of DeFi Technologies. For more information about Valour, to subscribe, or to receive updates, visit valour.com.

About Stillman Digital
Stillman Digital is a leading digital asset liquidity provider that offers limitless liquidity solutions for businesses, focusing on industry-leading trade execution, settlement, and technology. For more information, please visit https://www.stillmandigital.com

About Reflexivity Research
Reflexivity Research LLC is a leading research firm specializing in the creation of high-quality, in-depth research reports for the bitcoin and digital asset industry, empowering investors with valuable insights. For more information please visit https://www.reflexivityresearch.com/ 

Cautionary note regarding forward-looking information:
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to commercial collaborations with Stablecorp and BTQ; regulation and scaling of the QCAD stablecoin; investor confidence in digital assets generally; the regulatory environment with respect to the growth and adoption of decentralized finance; the pursuit by the Company and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited the acceptance of Valour exchange traded products by exchanges; growth and development of decentralised finance and digital asset sector; rules and regulations with respect to decentralised finance and digital assets; fluctuation in digital asset prices; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

THE CBOE CANADA EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

View original content to download multimedia:https://www.prnewswire.com/news-releases/defi-technologies-announces-landmark-milestone-for-venture-portfolio-company-stablecorp-as-qcad-becomes-canadas-first-compliant-cad-stablecoin-302626510.html

SOURCE DeFi Technologies Inc.

FAQ

What did DeFi Technologies announce about QCAD on Nov 26, 2025 (DEFT)?

DeFi Technologies said Stablecorp and the QCAD Digital Trust received a final prospectus receipt qualifying QCAD as Canada's first compliant CAD stablecoin.

How will DeFi Technologies (DEFT) support QCAD adoption?

DeFi plans product development including CAD-linked ETPs, yield products, and structured solutions, plus liquidity and market access services.

Does QCAD approval enable CAD-linked ETPs from DeFi Technologies (DEFT)?

DeFi Technologies said it intends to develop QCAD-integrated CAD-linked ETPs and other regulated digital asset products.

What role will DeFi Technologies (DEFT) play in QCAD market infrastructure?

The company intends to act as a preferred liquidity provider, supporting execution, on/off-ramps, and mint/redeem flows.

Is there a security plan for QCAD mentioned by DeFi Technologies (DEFT)?

Yes; DeFi plans to work with BTQ to develop a post-quantum security roadmap as QCAD scales.

When did DeFi Technologies announce its strategic investment in Stablecorp relative to the QCAD approval?

DeFi's strategic investment and commercial collaboration with Stablecorp was first announced on Sep 25, 2025.