The Smarter Web Company shares can now be traded in Canadian tax-advantaged accounts
Canadian investors just got a new way to gain Bitcoin exposure without ever touching an exchange. TD Bank has approved trading of The Smarter Web Company’s shares within Canadian tax-advantaged registered accounts, including TFSAs, RRSPs, and RRIFs, effective July 2026.
The move is significant because it potentially connects a UK-listed Bitcoin treasury company to more than C$2 trillion in Canadian registered capital.
What The Smarter Web Company actually is
The Smarter Web Company, listed as SWC on the London Stock Exchange Main Market, TSWCF on the OTCQB, and 3M8 on Frankfurt, has been steadily accumulating Bitcoin on its corporate balance sheet since April 2025. As of mid-2026, the company holds approximately 2,805 BTC, acquired at an average price of roughly £81,500 per coin. At times, the company has been buying more than one Bitcoin per day.
A recent purchase in May 2026 saw the firm acquire 27 BTC for £1.5 million.
Analyst firm TD Cowen recognized SWC as the only scaled Bitcoin treasury vehicle available in the UK, reiterating a Buy rating on the stock in April 2026.
Why the Canadian approval matters
TD Bank’s approval came after several weeks of review following the Smarter Web Company’s uplisting to the LSE Main Market. Investor Ben Schmidt reportedly became one of the first Canadians to purchase SWC shares inside a registered account after the approval went through.
What this means for investors
At an average acquisition cost of £81,500 per BTC, the company’s treasury value fluctuates directly with the market. A sustained downturn in Bitcoin would compress the company’s net asset value and likely its stock price in tandem.
TD Cowen’s Buy rating recognizes SWC’s unique UK positioning as the only scaled Bitcoin treasury vehicle on the London Stock Exchange.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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