$74M Funding Boosts RQD Clearing's Tokenized Market Infrastructure

RQD Clearing has secured $74 million in funding to expand its digital asset custody and tokenized market infrastructure. The investment was led by Bain Capital Tech Opportunities, with ABN AMRO Clearing Bank and Nyca Partners also participating.

The company plans to use the new capital to develop products that can hold blockchain-based assets for financial institutions. RQD provides clearing and custody services to broker-dealers, investment advisers, and overseas institutions accessing US markets.

The firm has cleared over 515 million equity transactions worth nearly $2 trillion so far this year, representing about 2.4% of US National Market System equity trading.