Crypto VC Funding Surges to $184M in Eight Rounds Led by RQD* Clearing

Crypto companies raised $184.1 million in eight funding rounds between August 22 and August 28, led by RQD* Clearing's $74 million growth investment.

RQD*, a New York-based firm providing clearing, custody, and technology services to financial institutions, secured the deal with Bain Capital Tech Opportunities as lead investor. The company plans to use the capital to expand in the US, Europe, and Asia and build infrastructure for digital assets and tokenized securities.

Fasset, a stablecoin neobank, raised $68 million in Series C funding led by Japan's SBI Group, valuing the company at $1 billion. Fasset plans to use the capital to expand its payment network and develop AI-based financial tools.