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Urbana Corporation Congratulates CAD Digital Inc., a Subsidiary of Tetra Digital Group, on the Launch of Canada's First Regulated Stablecoin Issued by a Financial Institution
/NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE U.S./ TORONTO, May 04, ...
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[{"type":"text","content":"Urbana Corporation Congratulates CAD Digital Inc., a Subsidiary of Tetra Digital Group, on the Launch of Canada’s First Regulated Stablecoin Issued by a Financial Institution\n/NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE U.S./ TORONTO, May 04, 2026 (GLOBE NEWSWIRE) -- Urbana Corporation (“Urbana”) (TSX and CSE: URB, URB.A) congratulates CAD Digital Inc. (“CADD”), a subsidiary of Tetra Digital Group (“Tetra Digital”) on their successful launch of Canada’s first Canadian-dollar stablecoin issued by a financial institution. Structured as a regulated payment instrument and backed 1:1 by Canadian dollars, CADD has received regulatory approval from Alberta Treasury Board and Finance. This marks a national first for digital asset infrastructure in Canada by enabling Canadian dollars to move on blockchain rails under a financial services regulatory framework. Tetra Digital is uniquely positioned to launch CADD because of a long history of innovation as a Canadian digital asset custodian, establishing institutional-grade custody as a licenced provincial trust company. Tetra Trust Company (“Tetra Trust”), a subsidiary of Tetra Digital, supported the first staking-enabled Ethereum and Solana ETFs in Canada, bridging digital assets with traditional investment vehicles. Now with CADD, Tetra Digital launches Canada's first CAD-backed stablecoin issued by a regulated financial institution that Canadian institutions already know and trust. “We love being at the forefront of innovation. This is an exciting first for Canada,” said Thomas Caldwell, Chair of Urbana Corporation. Urbana originally made an investment in Tetra Trust in 2021 and increased its holdings in the company to a majority position in April 2025. In May 2025, through a re-organization, Tetra Trust became a wholly-owned subsidiary of Tetra Digital. Urbana owns approximately 47% of Tetra Digital. About Urbana Urbana Corporation is a diversified corporation with a focus on financial services, information services and innovative technologies. The long-term goal of Urbana is to seek out, and invest in, private investment opportunities for capital appreciation and publicly traded securities to provide growth, income and liquidity. The portfolio mix of actively managed publicly...