Coinbase’s Lucas Matheson Calls for National Blockchain Strategy at Consensus Toronto 2025

At Consensus Toronto 2025, Lucas Matheson, Coinbase’s Canadian Country Director, made a compelling case for a national blockchain strategy, stressing that Canada must act swiftly if it wants to remain a serious player in the global digital economy. With the rapid pace of crypto adoption and innovation worldwide, Matheson argued that Canada needs a unified approach to blockchain that fosters innovation, builds institutional trust, and ensures sustainable long-term growth.

Matheson emphasized the role of regulatory clarity in helping the crypto sector thrive. He praised Canada’s “regulation by engagement” model, where regulators maintain an open dialogue with industry leaders. This stands in contrast to more combative stances seen in other jurisdictions, which can stifle innovation and drive talent abroad. By working together, regulators and the private sector can create a regulatory environment that both protects consumers and enables progress.

Under Matheson’s guidance, Coinbase has doubled down on its Canadian presence. The company obtained a restricted dealer license and enabled Interac e-transfer services, simplifying access to crypto for everyday users. Coinbase also built a major tech hub in Canada, employing over 200 engineers who contribute to global operations — a clear vote of confidence in the country’s tech talent and potential.

In closing, Matheson urged Canadian lawmakers to think bigger. He believes blockchain is foundational to the future of finance and governance, and that Canada is well-positioned to lead — if it seizes the opportunity. For that to happen, a formal strategy with forward-thinking policies and public-private cooperation is not just helpful — it’s essential.