Canadian Market Overview
The institutional view of tokenized real-world assets settling on 4ormEx. Discover every Canadian-issued tokenized asset, the banks operating the corridor, and the issuers and custodians on the regulated rail. All amounts in CAD.
Distributed Tokenized Value ?
C$852.6M
▲ 3.24% from 30d ago
Represented Asset Value ?
C$1.94B
▲ 12.10% from 30d ago
Total Asset Holders
847
▲ 14 from 30d ago
QCAD & W-CAD in Circulation
C$168.4M
▲ 2.12% from 30d ago
Bank Partners
3 / 7
+ 1 this quarter
Total Tokenized Value · C$
Distributed
Represented
All
Total Value
Asset Holders
Active Wallets
Transfer Volume
Source · 4ormEx sandbox · simulated
Regulator stack
CIRO · CSA
Joint Notice 21-329; Notice 21-332 pre-registration undertakings.
Custody framework
CIRO Tier 1–4 · Feb 2026
4-tier digital asset custodian framework; capital min. C$10M–$150M.
Bank capital
OSFI Group 2 · 5% Tier 1
Raised from 1% Oct 2025; effective Nov 2025 / Jan 2026.
Settlement asset
W-CAD ready
Project Samara · C$100M EDC tokenized bond settled March 2025.
Asset class breakdown See all →
C$ 852.6M
Distributed
- Tokenized Bank DepositsC$ 324.0M38.0%
- Private CreditC$ 187.6M22.0%
- Government of CanadaC$ 127.9M15.0%
- Provincial & Sub-Sov.C$ 76.7M9.0%
- Real EstateC$ 68.2M8.0%
- CommoditiesC$ 42.6M5.0%
- InfrastructureC$ 25.6M3.0%
New listings · last 30 days Marketplace →
| Asset | Class | Issued | Listed |
|---|---|---|---|
| tRBCD · RBC Tokenized Deposit | Bank deposit | C$ 54.0M | May 22, 2026 |
| tEDC25 · Export Development Canada Bond 2025 | Sovereign agency | C$ 100.0M | May 19, 2026 |
| tCRE-EDM2 · Edmonton CRE Tower II | Real estate | C$ 18.4M | May 14, 2026 |
| RVNSI · Raven Silica · per-ton delivery | Verified delivery | C$ 6.2M | May 12, 2026 |
| tCNFT-ALPHA · Alpha Capital · Corporate NFT | Corporate identity | — | May 10, 2026 |
| tPMS-CGY40 · Calgary 40-unit Infill · Milestone 03 | Project milestone | C$ 2.1M | May 09, 2026 |
| tACP-VII · Alpha Capital Private Credit VII | Private credit | C$ 24.2M | May 09, 2026 |
| tAGL-SK1 · Saskatchewan Agricultural Land Pool 1 | Commodity | C$ 12.8M | May 02, 2026 |
| tHQI32 · Hydro-Québec Infrastructure 2032 | Infrastructure | C$ 25.6M | Apr 28, 2026 |
Bank corridor · partners Network →
| Bank | Tokenized deposit | In circulation | Status |
|---|---|---|---|
| RBC Royal Bank | tRBCD | C$ 54.0M | Live |
| TD Bank Group | tTDD | C$ 41.2M | Live |
| BMO | tBMOD | C$ 18.6M | Pilot |
| CIBC | tCIBD | — | Onboarding |
| Scotiabank | tBNSD | — | Q3 2026 |
| National Bank | tNAD | — | Q3 2026 |
| Desjardins | tDSJD | — | Q4 2026 |
Top issuers · by value All issuers →
| Issuer | Type | Share | Value |
|---|---|---|---|
| Export Development Canada | Sov. agency | C$ 100.0M | |
| RBC Royal Bank | Bank | C$ 54.0M | |
| TD Bank Group | Bank | C$ 41.2M | |
| Province of Alberta | Sub-sov. | C$ 35.4M | |
| Pineapple Financial | Pvt credit | C$ 28.9M | |
| Ocree Capital | Real est. | C$ 22.4M | |
| Hydro-Québec | Infra | C$ 25.6M | |
| AuCan Gold | Commodity | C$ 17.2M |
New issuance volume · last 12 months
Jun '25Sep '25Dec '25Mar '26May '26
Qualified custodians All custodians →
| Custodian | Tier | Assets under custody | Share |
|---|---|---|---|
| Tetra Trust | Tier 1 | 52.1% | |
| Balance Trust | Tier 2 | 26.0% | |
| Brane Trust | Tier 2 | 17.4% | |
| CIBC Mellon (pilot) | Tier 1 · pending | 4.5% |