Canada

Wealthsimple’s $425M Raise Tops Last Week’s Fintech Fundings and Acquisitions

Canada’s Wealthsimple raises CDN $425M, valued at CDN $13.8B The Toronto-based fintech agreed to raise as much as C$425 million in an equity round. The institution offers checking, lending, credit cards, investments and business services. GIC, Singapore’s sovereign wealth fund, led the raise. Participants include… Read More

Binance Hack Dominates Web3 Thoughts of the Week

Binance hack “In dollar terms, it would rank among the largest in crypto history, alongside Bybit’s roughly $1.5 billion loss in February 2025. We should expect these records to keep being broken: crypto prices are rising, and exchanges hold more assets every year, so each… Read More

Proposed Class Action Filed Against Coinkite and Co-Founders Over Coldcard Seed-Phrase Flaw Linked to $140M+ in Bitcoin Losses

A proposed class-action lawsuit has been initiated in the Ontario Superior Court of Justice against Toronto-based Bitcoin hardware and security company Coinkite Inc., along with its co-founders Rodolfo Novak and Peter D. Gray. The proceeding, issued electronically on September 11, 2026, under court file number… Read More

Canada Begins 60-Day Consultation on Stablecoin Regulations, Aligning with U.S. GENIUS Act

The Canadian government published proposed Stablecoin Regulations in the Canada Gazette, Part I, Volume 160, Number 43, launching a 60-day public consultation that runs until 11:59 p.m. EST on December 23, 2026. The draft rules, sponsored by the Department of Finance, would implement the Stablecoin… Read More

Ontario “Crypto King” Trial Reveals Minimal Trading, Lavish Spending as Violent Wrench Attacks Rise Worldwide

In a Toronto courtroom this month, a senior forensic accountant from the Ontario Securities Commission (OSC) laid out bank records showing that self-described “Crypto King” Aiden Pleterski directed roughly $16.3 million of the $36.3 million he collected from investors between 2020 and 2022 toward his own… Read More

Ramp’s $1.85B Raise Highlights AI-Heavy Week of Fintech Raises, Acquisitions

Ramp raises $1.85B Ramp’s raise values it at $60 billion. Dragoneer Investment Group led the round, along with Thrive Capital, Founders Fund, Sands Capital, and Avenir Growth. Participants included Capital International, Fidelity Management & Research Company, T. Rowe Price, D1 Capital Partners, Greenoaks, ICONIQ, GIC,… Read More

Canadian Armed Forces Reserves Members Among Seven Arrested in Armed Toronto Crypto Kidnapping Plot

Toronto police have charged seven men, including three members of the Canadian Armed Forces reserves, in connection with a July abduction in which a cryptocurrency exchange owner was forcibly taken in an attempt to seize control of his digital assets. The incident unfolded on July… Read More

FinDev Canada Lends $50m to Mongolia’s Golomt Bank for Climate, MSME Financing

Canada’s development finance institution FinDev Canada has signed a $50 million loan to Mongolia’s Golomt Bank, with 30% of the proceeds earmarked for climate and nature-related projects and the remainder allocated to MSMEs. The financing marks FinDev Canada’s first transaction with a designated nature finance… Read More

AI, Payments, Digital Offerings Highlight Last Week’s Fintech Product Releases

CRX Trade launches Swiss prime brokerage  Switzerland-based CRX Trade lets institutions trade on Hyperliquid, ByBit, GateIO, Nasdaq, and CME from a single account. Trading algorithms and one collateral pool can be deployed on both crypto and traditional exchanges. Ndax debuts reward program The Canadian-owned and… Read More

Tokenization, Crypto, AI and Connected Payment Systems: Digital Assets Thoughts of the Week

South Korea and tokenization “Proposed rules would allow stocks, bonds, and investment funds to operate under the country’s tokenized securities framework when it comes into effect in 2027. “The framework includes requirements covering capital, compliance personnel, technology systems and the management of distributed ledger records…. Read More

Quebec Pension Fund Tightens Board Control at Struggling Fintech FNZ

Quebec’s public pension manager is taking a firmer hand at FNZ, the London-based wealth technology group, after losing patience with how the business has been run. According to the FT, which cited four people familiar with the matter, La Caisse de dépôt et placement du… Read More

Yellow Card, Mastercard, Trulioo Headline This Week’s Product Releases and Partnerships

Yellow Card expands into Canada Nigeria-founded Yellow Card, a stablecoin infrastructure provider, enables banks, fintechs, and multinational businesses to access US dollars, manage treasury, and move money across borders. Remita app unifies bank apps Remita has launched a new, improved app that unifies multiple bank… Read More

Canadian “Crypto King” Will Face Fraud Trial without Lawyer After Judge Denies Delay

Aiden Pleterski, the Ontario man who branded himself a “crypto king” on social media, is scheduled to stand trial next week on fraud and money-laundering charges without a lawyer. An Ontario Superior Court judge rejected his last-minute bid for more time to hire counsel, meaning… Read More

Digital Assets Thoughts of the Week: the CLARITY Act, Canada and Tokenization, and More

The CLARITY Act remains top of mind in the digital asset sector. The CLARITY Act “The larger issue is that the US still lacks a clear rule for when a digital asset is a security, when it is a commodity, and which regulator is responsible…. Read More

Canadian Banks Launch New Initiative for Tokenized CAD Deposits

Canada’s lenders have recently launched a joint effort to study a Canadian-dollar tokenized deposit system, aiming to keep the country’s payments rails competitive as digital money develops worldwide. On September 22, 2026, Bank of Montreal, CIBC, National Bank of Canada, Royal Bank of Canada, Scotiabank,… Read More

Portage Finalizes $600M Fintech Venture Fund as Platform Hits $7 Billion

Portage, the fintech-focused investment platform within Sagard, has completed fundraising for its fourth venture vehicle, Portage Ventures IV, at roughly $600 million. The close, announced on September 16, 2026, arrives as the firm marks a decade of backing companies that are changing how financial services… Read More

Canada’s Banking Regulator OFSI Confirms Tokenized Deposits Are Legally the Same as Traditional Deposits

Canada’s federal banking watchdog has given financial institutions clearer room to experiment with deposits recorded on digital ledgers. On September 10, 2026, the Office of the Superintendent of Financial Institutions published a short statement confirming that a deposit does not become a new legal product… Read More

Coinbase Offers Derivatives in Canada

Coinbase (NASDAQ:COIN) has launched derivative contracts in Canada. Coinbase Financial Markets (CFM) is said to be the first major crypto native platform to offer direct native crypto futures in the country. CFM is registered with the Commodity Futures Trading Commission operating under an international exemption…. Read More

Webull, Coinbase Collaborate on Crypto Services in Canada

Webull (NASDAQ:BULL) has enlisted Coinbase’s (NASDAQ:COIN) crypto-as-a-service platform to extend its digital asset abilities in Canada. Webull, based in St. Petersburg, Florida, operates in Canada through Webull Securities (Canada) Limited (regulated by CIRO and a CIPF member) and primarily offers access to stocks and ETFs…. Read More

ZachXBT Identifies Toronto, Canada as Most Challenging Jurisdiction for Crypto Fraud Victims

Blockchain investigator ZachXBT has ranked Canada as the least effective jurisdiction for assisting victims of cryptocurrency-related crimes, based on his extensive experience handling such cases. In recent comments shared via his Telegram investigations channel and on X, he placed Canada at the top of a… Read More

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