Asset Class · 06 · Sovereign
Government of Canada · tokenized sovereign debt
Tokenized Government of Canada T-Bills, bonds, and Crown agency issuances. The credit-quality anchor of the rail. Pilot anchored by Project Samara — the Bank of Canada / EDC C00M tokenized bond settled in W-CAD in March 2025.
Total tokenizedC$ 127.9M▲ 12.4% · 30d
Active issuances6GoC + EDC + BoC
Avg maturity2.4 yracross portfolio
Sovereign issuances
| Issuance | Ticker | Maturity | Outstanding | Last yield | Settlement |
|---|---|---|---|---|---|
| Gov. of Canada T-Bill · 90dBank of Canada · rolling | tGCB | 90 days | C$ 24.1M | 4.65% | W-CAD pilot |
| EDC Green Bond 2025Export Development Canada | tEDC25 | Dec 2025 | C$ 100.0M | 4.18% | W-CAD · Project Samara |
| GoC Treasury Bond 2028Federal · 4.0% coupon | tGCB28 | Jun 2028 | C$ 3.8M | 3.92% | QCAD |
| CMHC Mortgage Bond 2027CMHC · senior | tCMHC27 | Sep 2027 | C$ 0.0M | — | Onboarding |
Project Samara reference
The Bank of Canada's Project Samara pilot concluded March 2025: a C$100M tokenized bond issued by Export Development Canada, settled token-for-token against wholesale CBDC (W-CAD) on a permissioned distributed ledger. First production proof of atomic settlement against central bank money in Canada.
Regulatory anchors
Issuer
GoC / Crown corp
Capital weight
0% (sovereign)
Settlement
W-CAD when live · QCAD interim
Custodian
Tetra Trust (Tier 1)