Digital asset infrastructure provider Stablecorp has completed a CAD 5 million strategic funding round, led by FTP Ventures

ChainCatcher news, according to PR Newswire, the bank-grade digital asset infrastructure provider Stablecorp announced the completion of a CAD 5 million strategic funding round, led by FTP Ventures, with participation from existing shareholders and new investors. The company previously received investment from Coinbase Ventures.

The new funds will be used to expand its related digital currency infrastructure, including support for its fully backed digital currency QCAD, which is 1:1 supported by Canadian dollar reserves.