RQD* Clears the Way with $74 Million Growth Investment

Crypto and blockchain companies secured a combined $184.1 million in new financing between August 22nd and 28th, led by RQD* Clearing's $74 million growth investment.

The deal, led by Bain Capital, was the week's largest disclosed financing and accounted for about 40% of the total.

RQD* provides clearing, custody, and technology services to broker-dealers, registered investment advisers, and foreign financial institutions seeking access to US markets. The company plans to use the capital to support product development and expansion in the United States, Europe, and Asia.

Fasset, a stablecoin banking platform, raised $68 million in Series C funding at a valuation of $1 billion, following its previous round that valued the company at $51 million.