Network · Settlement
Settlement operators · cash legs on the rail
The cash-leg infrastructure that makes atomic delivery-versus-payment work. Tokenized deposits (bank-issued), QCAD (Stablecorp), and W-CAD (Bank of Canada wholesale CBDC, pending production).
Settlement assets5+ W-CAD pending
Daily settledC$ 62.4Macross cash legs
Median finality11.7satomic DvP
Settlement asset roster
| Asset | Operator | Type | In circulation | Status |
|---|---|---|---|---|
| QCADStablecorp tokenized CAD | Stablecorp (custodied at Tetra) | Stablecoin · MMF reserves | C$ 82.3M | Live · default |
| tRBCDRBC tokenized deposit | RBC Royal Bank | Bank deposit · CDIC-eligible | C$ 54.0M | Live |
| tTDDTD tokenized deposit | TD Bank Group | Bank deposit · CDIC-eligible | C$ 41.2M | Live |
| tBMODBMO tokenized deposit | BMO Financial Group | Bank deposit · CDIC-eligible | C$ 18.6M | Pilot |
| W-CADWholesale CBDC | Bank of Canada | Central bank reserve | — | Project Samara |