Fidelity Clearing Canada ULC’s Launch of Crypto Business in Canada

Borden Ladner Gervais LLP represented Fidelity Clearing Canada ULC as the first IIROC dealer that can trade and custody crypto assets for institutional investors in Canada.

Fidelity Clearing Canada ULC launched a new institutional digital asset service. FCC is Canada’s first Investment Industry Regulatory Organization of Canada regulated entity to offer this digital currency trading and custody solution dedicated for institutional investors, including mutual funds and exchange-traded funds.  Leveraging this new platform, Fidelity Investments Canada ULC filed preliminary prospectuses for Fidelity Advantage Bitcoin ETF™ and Fidelity Advantage Bitcoin ETF Fund™.

Fidelity Clearing Canada (FCC), a leading provider of custody and clearing services, provides robust, flexible, and scalable solutions to registered portfolio managers investment dealers and other institutional investors. 

The BLG team working closely with Fidelity, IIROC and the Canadian securities administrators to customize a crypto solution that addresses clients’ investment needs, was led by by Carol Derk (Picture) and Julie Mansi.  

 

 

     

    Involved fees earner: Carol Derk – Borden Ladner Gervais; Julie Mansi – Borden Ladner Gervais;

    Law Firms: Borden Ladner Gervais;

    Clients: Fidelity Clearing Canada ULC;

    Author: Sonia Carcano