Fidelity Approved to Become Canada's First Bitcoin Custodian

Fidelity Approved to Become Canada's First Bitcoin Custodian


According to reports, Fidelity Clearing Canada, a subsidiary of Boston-based mutual fund giant Fidelity Investments, has obtained regulatory approval to become Canada's first Bitcoin custodian, launching cryptocurrency trading and custody solutions for institutional participants' plans. This will make it easier for institutions such as pension funds and mutual funds to invest in digital assets. The subsidiary also submitted documents for the launch of two Bitcoin funds in Canada.

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