Tetra Digital Group Completes $10 Million in Funding, Including Urbana Corporation and Other Investors

Tetra Digital Group, a digital asset infrastructure provider, announced a $10 million funding round from Urbana Corporation, Wealthsimple, Purpose Unlimited, Shakepay, ATB Financial, National Bank, and Shopify. The new funding will support the launch of a Canadian fiat-backed stablecoin. The Tetra stablecoin will reportedly leverage Tetra Digital Group's institutional-grade custody infrastructure to provide businesses and consumers with a stable, secure, and fully compliant digital currency, backed 1:1 by Canadian dollar reserves. (Businesswire)