RQD Clearing raises $74 million to expand post-trade and tokenization infrastructure

  • RQD Clearing raised a $74 million minority growth investment led by Bain Capital Tech Opportunities.
  • The financing included roughly $66 million from Bain and participation from ABN AMRO Clearing Bank, Nyca Partners, Gentree Fund and Belvedere Strategic Capital.
  • RQD plans to expand across North America, Europe, Asia and the Middle East while developing custody and settlement infrastructure for blockchain-based assets and tokenized securities.

RQD Clearing, also known as RQD*, raised $74 million in a minority growth investment led by Bain Capital Tech Opportunities, with participation from ABN AMRO Clearing Bank, Nyca Partners and existing investors Gentree Fund and Belvedere Strategic Capital. The New York-based firm provides real-time clearing, custody and technology services to broker-dealers, registered investment advisers and foreign financial institutions accessing U.S. markets, and plans to use the proceeds for geographic expansion, technology upgrades and infrastructure for blockchain-based assets and tokenized securities. RQD’s financing represented about 40% of the $184.1 million disclosed across eight crypto and blockchain funding rounds from Aug. 22 to Aug. 28, while Fasset raised the second-largest round at $68 million and reached a $1 billion valuation. RQD has not disclosed a launch date, initial supported assets, pricing or custody terms for its planned digital-asset products, leaving commercial availability dependent on product delivery and regulatory approval.

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