Clearing firm RQD* raises $74 million as Wall Street prepares for tokenized markets
Clearing firm RQD* has raised $74 million in a funding round led by Bain Capital to expand its digital asset custody and tokenization services. The company aims to build infrastructure for clearing and settling tokenized securities as financial markets move toward blockchain-based systems.
Why it matters
This investment highlights the growing institutional focus on building the 'plumbing' required for tokenized financial markets, which could eventually enable 24/7 asset trading.
Bain Capital Tech Opportunities, the tech-focused arm of private investment firm Bain Capital, led the minority investment, with participation from ABN AMRO Clearing Bank and Nyca Partners, the firm said in a press release Thursday.
The article provides a neutral business report on a funding round and its implications for financial market infrastructure.
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