The service provider and administrator of CADC Reserve Trust, Loon Payments Inc, stated that CADC will be provided to users across Canada in accordance with the final prospectus.
Toronto, October 27 (Reuters/ PR Newswire ) – CADC Reserve Trust (hereinafter referred to as the “Issuer”) announced on Tuesday that the Ontario Securities Commission has issued a receipt regarding its final prospectus dated October 22, 2026 (hereinafter referred to as the “Prospectus”). The Prospectus relates to a continuous issuance: blockchain tokens issued by the Issuer, which are pegged to the value of the Canadian dollar at a one-to-one ratio and operate on a supported blockchain (each token is referred to as “CADC Token” or “CADC”), with a fixed purchase price of C$1.00 per token. Loon Payments Inc is the service provider and administrator for this issuance.
This prospectus enables CADC Token to be distributed in all provinces and regions of Canada. The issuer distributes CADC Token through a network of authorized participants, which may include registered cryptocurrency trading platforms, Canadian financial institutions, as well as platforms that have been exempted from regulations and are able to trade stablecoins on an unmanaged basis. Eligibility to participate depends on the requirements and conditions specified in the prospectus and the applicable exemptions.
Eligible end-users can obtain CADC through authorized participants. CADC can be stored in a self-hosted wallet and used for sending and receiving payments. With the authorization of participant Paytrie, eligible Canadian customers can use Interac and e-Transfer to purchase CADC and sell it back in Canadian dollars in accordance with the service terms of Paytrie.
Paytrie CEO Jason Tong stated: "Canadians will be able to buy and sell CADC in Canadian dollars through us. Supporting Interac e-Transfer provides eligible customers with a familiar way to access CADC." Loon Payments Inc. CEO Kevin Zhang said: "Canadian dollar stablecoins are only useful when Canadians can have access to them. Everything we have done since 2021 has revolved around that point."
The prospectus describes the CADC project, the issuer's financial reports and monthly certification arrangements, as well as the rights applicable to purchasers, including the conditions and limitations of these rights.
The design goal for each CADC Token is to maintain a stable value equivalent to 1 Canadian dollar. For each CADC Token purchased from the issuer, 1.00 Canadian dollars will be deposited into an isolated reserve trust account held by ATB Financial, which is the custodian of the issuer's assets. The prospectus also describes the reserve arrangement (see the prospectus for definitions) and the redemption terms.
Potential purchasers should consult the prospectus, including the disclosures regarding reserve arrangements, redemption provisions, and risk factors.
This issuance is conducted solely through a prospectus. The prospectus contains important detailed information regarding the securities being issued and can be accessed via SEDAR. Copies of the prospectus can be obtained from Loon Payments Inc, which serves as the service provider and administrator for the issuer. Contact information is [email protected] or 500 4th Street, Calgary, Alberta, Canada, Avenue SW, Suite, 2500, T2P, V6. Investors should read the prospectus before making any investment decisions.
In accordance with securities legislation related to the procedures for providing prospectuses and their amendments, access to the prospectus is now available. The prospectus can be found on the issuer's information page at www.sedarplus.ca. The final prospectus and any amendments, in both electronic and printed form, can be obtained free of charge from the issuer (contact: Loon Payments Inc). Contact details are [email protected] or 500 4th Avenue SW, Suite, 2500, T2P, Calgary, Alberta, Canada, Suite. When requesting, an email address or mailing address (as applicable) must be provided.
About CADC Reserve Trust
CADC Reserve Trust is a special purpose trust established under the laws of Ontario, and it is also the issuer of CADC Token.
Regarding Loon Payments Inc.
Media Contact
Aivan Bolambao, Loon Technology Inc.+1613-869-5395[ email protected ]Warning Regarding Forward-Looking Statements
Certain statements in this announcement may constitute “forward-looking information” as defined by the securities laws. Examples of forward-looking statements in this announcement include, but are not limited to: potential authorized participants; potential ways in which qualified end-users may obtain CADC; potential ways in which CADC may be held, used, or sold; the ability to buy and sell CADC; and expectations for the future of CADC, including its value. These statements involve known and unknown risks, uncertainties, and other factors that could lead to significant differences between actual results or timing and those anticipated or implied by such forward-looking information. Information regarding the risks and assumptions that affect the forward-looking information in this document can be found in the “Risk Factors” section of the prospectus, which is available on the issuer’s profile page at www.sedarplus.ca. All forward-looking information in this document is subject to the limitations stated above. Except as required by Canadian law, the issuer does not undertake any obligation to publicly update or revise such information.
