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RQD* Clearing raises $74 million to expand tokenization infrastructure
The U.S. clearing and custody firm plans to build digital asset custody and tokenization products for financial institutions, adding capacity as markets shift toward blockchain rails.
RQD* Clearing, a U.S. firm that provides clearing and custody services tied to stock and options trading, raised $74 million in an investment led by Bain Capital Tech Opportunities, according to CoinDesk. ABN AMRO Clearing Bank and Nyca Partners also participated in the round.
CoinDesk reports RQD* plans to use the funding to expand across North America, Asia, and the Middle East, while building products that span digital asset custody and tokenization. The firm said it will focus on the post-trade infrastructure needed when assets move to blockchain networks, including custody, risk management, clearing, and settlement.
The funding comes as trading activity increasingly migrates to tokenized rails, CoinDesk said, putting pressure on older clearing and settlement systems. Tokenized securities still require operational controls between the time trades occur and final settlement, particularly as trading extends beyond traditional market hours.
RQD* also highlighted its existing scale in traditional markets, saying it has cleared about 515 million equity transactions worth nearly $2 trillion so far this year, or roughly 2.4% of U.S. National Market System equity trading. CoinDesk added that the firm partnered with Blue Ocean Technologies in March to support clearing and settlement infrastructure for tokenized U.S. National Market System equities.