Wealthsimple has launched IPO Access, allowing Canadian retail investors to purchase shares in select initial public offerings at the offering price before they begin trading publicly. This access, typically reserved for institutional and high-net-worth investors, will cover companies going public on Canadian and US stock exchanges. Clients can request any number of shares through the Wealthsimple app with no minimum purchase requirement or participation fees. If demand exceeds available shares, allocation follows a transparent process disclosed before each IPO. Wealthsimple receives share allocations from investment banks as an invitee rather than acting as an underwriter. The Toronto-based company serves over 4 million Canadians and holds approximately $125 billion in assets under administration as of March 2026. Wealthsimple previously introduced commission-free trading in Canada.

Wealthsimple ended Q1 2026 with $124.8 billion in assets under administration, up 12.1% from the previous quarter and 71% year-over-year. The Canadian financial company now serves 3.4 million clients, with one in five Canadians aged 18 to 40 using at least one Wealthsimple product. The quarter marked Wealthsimple's strongest RRSP season, with deposits up over 45% year-over-year and record account transfers. The company's "Unreal Deal" promotion offered contribution matches of 1%, 2%, or 3%, with 85% of participants selecting the highest tier and committing to five years. Wealthsimple also launched new talent recruitment programmes, including AI Builders, Launchpad for recent high school graduates, and North Star targeting Canadian talent abroad. The company added Jessica Oliver as VP of Government Relations and Rachael Factor as VP of Communications.

Visa Canada and Wealthsimple have launched a pilot programme allowing Wealthsimple to settle certain obligations with Visa Canada using USD Coin (USDC), marking the first Canadian deployment of Visa's global stablecoin settlement initiative. The pilot extends Visa's stablecoin strategy, which recently surpassed a $7 billion annualised settlement run rate. The programme focuses on institutional settlement rather than consumer payments, enabling seven-day settlement and improved liquidity management whilst maintaining Visa's security and compliance standards. Users will see no change in how they pay, as the pilot tests back-end money movement between financial institutions. Visa Canada president Michiel Wielhouwer said the company is building infrastructure to support new money-movement solutions at scale. The pilot positions stablecoins within Canada's evolving payments infrastructure, moving them from crypto trading venues into institutional settlement systems.