Loon Technology is a Calgary-based financial technology company focused on launching a fully regulated Canadian-dollar stablecoin called CADC. CADC enables individuals and businesses to settle transactions in Canadian dollars on-chain with real-time settlement, continuous access, wholesale FX rates, and deep liquidity. To accelerate its roadmap, Loon acquired the existing CADC asset from Paytrie, which has already processed more than CAD$200 million in transaction volume, and will now act as its issuer. The company has pre-filed a prospectus with the Alberta Securities Commission and is collaborating with regulators to set rigorous standards for the domestic stablecoin industry. Funds from its recent raise will support product development, team expansion in engineering and compliance, and a national regulatory engagement strategy. Ultimately, Loon aims to deliver a transparent, scalable, and compliant stablecoin infrastructure for Canadian consumers and institutions.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Oct 2025