Stablecorp, a digital asset infrastructure provider, has secured $5 million in strategic funding led by FTP Ventures.

Stablecorp, a provider of bank-grade digital asset infrastructure, announced the completion of a $5 million CAD strategic round of funding led by FTP Ventures, with participation from existing shareholders and new investors. The company, which previously received investment from Coinbase Ventures, will use the new funds to expand its related digital currency infrastructure, including support for its digital currency QCAD, which is fully backed 1:1 by Canadian dollar reserves. (Prnewswire)