QCAD Adds TD as Reserve Custodian in Push for Wider Canadian Adoption

QCAD Adds TD as Reserve Custodian in Push for Wider Canadian Adoption CryptoProwl Wed, July 15, 2026 at 5:01 PM GMT+2 2 min read TD CRCL QCAD Adds TD as Reserve Custodian in Push for Wider Canadian Adoption Stablecorp Digital Currencies has named TD Bank Group (NYSE: $TD) (TSX: $TD) as the primary custodian for reserves backing QCAD (CRYPTO: $QCAD), bringing one of Canada's largest financial institutions into the infrastructure behind the Canadian-dollar stablecoin. Under the agreement, TD will hold fiat reserves for QCAD Digital Trust as part of a phased custody rollout expected across the third and fourth quarters of 2026. QCAD is issued by QCAD Digital Trust and backed one-to-one by Canadian dollars held in segregated accounts.

The stablecoin is designed for round-the-clock CAD payments and settlement, with a structure built around Canadian securities and financial compliance requirements. More From Cryptoprowl: Stablecoin Market Cap Declines By $10 Billion Major U. S.

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He described QCAD as moving "from the experimental phase to the roll-out phase," as the company works to expand the stablecoin across payments, trading and settlement infrastructure. TD Executive Vice President James Salem said digital assets are changing how value is stored and transferred, adding that the bank plans to provide custody services supporting QCAD as the market develops. The announcement follows a series of distribution and settlement milestones for the token.

QCAD was listed on Kraken in April and was later used in the first onchain Canadian-dollar-to-U. S. -dollar settlement through Circle's (NYSE: $CRCL) StableFX network.

For Stablecorp, the TD relationship gives QCAD a stronger institutional foundation as it moves beyond early-stage adoption. It also places a major Canadian bank closer to a stablecoin market increasingly shaped by regulated reserves, bank-grade custody and integration with traditional financial infrastructure.