On Wednesday, Fidelity was approved by the Investment Industry Regulatory Organization of Canada to launch a new digital asset service.
Fidelity Clearing Canada provides services to more than 100 investment companies in Canada.
If approved, the Fidelity funds would join the growing list of existing bitcoin funds already launched in the Canadian marketplace.
Mr. Mackenzie says the company’s U.S launch gave Fidelity Canada a four-year runway in being able to quickly set up services in the cryptocurrency market.