Canadian regulators have approved Fidelity Clearing Canada (FCC) to start functioning as the country’s first Bitcoin custodian. The firm received the green signal from the Investment Industry Regulatory Organization of Canada (IIROC). It aims to facilitate Canadian institutions like pension funds, mutual funds, portfolio managers, and exchange-traded funds (ETFs) direct exposure to Bitcoin (BTC). Currently, the FCC offers its services to over 100 investment companies in Canada.