Loon Secures CAD$3M Pre-Seed Funding to Build Canadian Stablecoin

Why It Matters

The financing underscores rising investor confidence in regulated stablecoins in Canada, positioning Loon as an early entrant in a nascent domestic digital currency market and potentially reshaping fintech payments and settlement infrastructure.

Deal Summary

Calgary‑based Loon announced a CAD$3 million pre‑seed financing round led by Version One Ventures, with participation from Garage Capital and a syndicate of strategic Canadian angel investors. The capital will be used to develop a Canadian‑dollar‑backed stablecoin that complies with domestic regulations.