The Calgary-based company can now hold crypto assets for Canadian financial institutions, potentially opening the door to banks holding and trading them. (The Logic)

Talking point: Canadian financial institutions now have a regulated domestic option for the custody and storage of crypto assets. Previously, U.S.-based Gemini was the only qualified custodian in Canada, which meant Canadian mutual funds and other financial vehicles holding Bitcoin had to rely on an American firm to keep their digital assets safe. With 50 cryptocurrency-trading platforms in discussions with the Ontario Securities Commission about becoming registered securities dealers, the market for the service is about to get much larger. Ottawa-based startup Brane Capital is reportedly also seeking approval, and had hoped to be first. Tetra Trust also announced it had closed financing rounds in undisclosed amounts with investments from Coinsquare, Coinbase Ventures, the Canadian Securities Exchange, Mogo and others.