The protection and current flow regulation of high-voltage direct-current (HVDC) grids requires the deployment of additional semiconductor-based equipment including dc circuit breakers (DCCBs) and current flow controllers (CFCs). However, the inclusion of multiple devices could significantly increase the total cost of an HVDC system. To potentially reduce costs, this paper presents an innovative multi-function integrated DCCB (MF-ICB). The proposed device exhibits a reduced number of semiconductor switches and can fully block dc faults at different locations while regulating dc currents. The configuration of the integrated solution and its operating principle are assessed, with its performance being examined in PSCAD/EMTDC using a three-terminal HVDC grid. Simulation results demonstrate the capability and effectiveness of the MF-ICB to regulate grid current and isolate dc faults.