RQD Clearing Raises $74M to Expand Digital Asset Infrastructure

RQD Clearing has raised $74 million in a minority investment led by Bain Capital Tech Opportunities, with ABN AMRO Clearing Bank and Nyca Partners also participating.

The funding disclosed on August 27 will support expansion and infrastructure for digital asset custody and tokenized markets.

Capital targets custody and tokenization RQD provides clearing and custody services to broker-dealers, investment advisers and overseas institutions accessing US markets.

The firm plans to use the new capital to expand in North America, Asia and the Middle East while developing products that can hold blockchain-based assets for financial institutions.