Together with KR1

An Ethereum focused digital asset technology company, listed on the London Stock Exchange.

Coinbase will lay off roughly 700 employees, about 14% of its workforce as of May 1. CEO Brian Armstrong announced the move in a memo posted to X, citing a softer crypto market and AI tooling that has changed what small teams can ship. The restructuring eliminates "pure managers" in favour of "player-coaches," caps the org chart at five layers below Armstrong, and targets a 15:1 employee-to-manager ratio. "We are not just reducing headcount and cutting costs, we're fundamentally changing how we operate: rebuilding Coinbase as an intelligence, with humans around the edge aligning it," Armstrong wrote. Coinbase expects $50M to $60M in restructuring costs, to be completed in Q2. Source.

Tetra Trust Company launched CADD, a Canadian-dollar stablecoin approved by Alberta Treasury Board and Finance. Tetra said it is the first CAD-pegged stablecoin issued by a regulated financial institution in Canada. Reserves are held in trust under Canadian law and dedicated to redemption. The token is live on Base, Ethereum and Tempo, with Solana support planned. A consortium including Shopify, Wealthsimple, National Bank of Canada, ATB Financial, Purpose Unlimited, Shakepay and majority stakeholder Urbana Corporation backed the project with $10M raised in September 2025. In December 2025, Tetra completed the first transfer of a Canadian stablecoin between two financial institutions when CADD moved between Wealthsimple and National Bank. "CADD is issued by a regulated financial institution, with reserves held in Canada and compliance built in from day one," said Didier Lavallée, founder and CEO of Tetra Digital Group. Canada clears roughly $424 billion per business day on batch-based infrastructure from the 1980s. Source.