Tetra Digital Group and Berkeley Payment Solutions are attempting to bridge the gap between traditional banking constraints and onchain efficiency by integrating Canadian-dollar stablecoin settlement into existing enterprise workflows. This partnership aims to provide over 500 corporate, government, and institutional clients within the Berkeley network with direct access to CADD-powered payments. By embedding stablecoin capabilities into established B2B payment programs, the companies are positioning themselves to bypass the limitations of legacy wire infrastructure, such as banking hours and transfer restrictions, through 24/7 onchain settlement options.
CADD Integration via Berkeley Payment Infrastructure
The collaboration establishes Berkeley Payment Solutions as the first white-label B2B partner for Tetra Digital Group, allowing for the integration of CADD into Berkeley’s proprietary payment infrastructure. CADD is a Canadian-dollar stablecoin issued by Tetra Trust Company, which is backed 1:1 by Canadian-dollar reserves and holds approval from the Alberta Treasury Board and Finance. The stablecoin is currently available on the Ethereum, Base, and Tempo networks. Through this integration, Berkeley intends to offer its clients onchain settlement access without requiring those organizations to develop their own independent stablecoin infrastructure. This approach leverages Berkeley’s 20 years of experience in Canadian and U.S. payment systems, including its existing relationships with banks and government entities. The technical goal is to make the underlying blockchain technology largely invisible to the end user, focusing instead on the utility of the movement of funds through existing, familiar payment programs and account structures.
Expanding Onchain Settlement for Canadian Enterprises
The partnership focuses on addressing specific friction points in the Canadian financial landscape, particularly regarding the speed and cost of moving Canadian dollars. The companies plan to launch several specific use cases, including large-value domestic CAD transfers, cross-border supplier and contractor payments, and corporate disbursements. A primary strategic focus will be the domestic Canadian and Canada-U.S. corridor, where businesses often encounter the settlement constraints inherent in traditional wire infrastructure. By utilizing CADD, businesses can potentially access programmable payment flows and 24/7 program funding. Berkeley’s infrastructure is expected to manage the critical on- and off-ramps, account management, and card issuance required to deliver these digital assets to end recipients. This setup aims to provide a practical alternative to systems built on older architectures, offering a method for organizations to move value at the speed of digital commerce while maintaining the regulatory oversight provided by a licensed Canadian trust company.
Key Takeaways
- Berkeley Payment Solutions will provide CADD-powered settlement to its network of more than 500 corporate, government, and institutional clients.
- CADD is a regulated Canadian-dollar stablecoin issued by Tetra Trust Company and is backed 1:1 by Canadian-dollar reserves.
- The partnership targets specific use cases including large-value domestic CAD transfers and cross-border payments within the Canada-U.S. corridor.
FinanceInsyte's Take
In our view, this partnership represents a calculated attempt to solve the "last mile" problem of stablecoin adoption: the complexity of institutional integration. Rather than asking enterprises to adopt new, unproven workflows, Tetra and Berkeley are embedding blockchain utility into the existing B2B payment rails that institutions already trust. By utilizing a regulated, 1:1 backed stablecoin like CADD, they are addressing the primary compliance and liquidity concerns that typically stall digital asset deployment in the corporate sector. If successful, this model of "invisible" blockchain integration could serve as a blueprint for how regulated digital assets move from speculative tools to foundational pieces of institutional settlement infrastructure.
Questions & Answers
How does this partnership mitigate the technical burden for institutional clients?
The partnership allows Berkeley's clients to access CADD-powered settlement through existing payment programs. This enables organizations to utilize onchain settlement without the need to build or manage their own proprietary stablecoin infrastructure.
What regulatory safeguards are associated with the CADD stablecoin?
CADD is issued by Tetra Trust Company, a licensed Canadian trust company. The stablecoin is backed 1:1 by Canadian-dollar reserves and has received approval from the Alberta Treasury Board and Finance.
Which specific corridors and payment types are being prioritized?
The companies are focusing on the domestic Canadian market and the Canada-U.S. corridor. Targeted use cases include large-value domestic CAD transfers, cross-border supplier payments, corporate disbursements, and programmable payment flows.
On which blockchain networks can CADD be utilized?
According to the announcement, CADD is currently available on the Ethereum, Base, and Tempo networks.
Source: Businesswire
