RQD Clearing, a U.S. clearing and custody institution, has completed a $74 million financing round, led by Bain Capital

According to CoinDesk, the U.S. clearing and custody institution RQD Clearing announced the completion of a $74 million financing round, led by Bain Capital Tech Opportunities, a technology investment division of Bain Capital, with participation from ABN AMRO Clearing Bank and Nyca Partners. This round of financing will be used to expand operations in North America, Asia, and the Middle East, and to enhance infrastructure development for digital asset custody and asset tokenization.

RQD primarily provides post-trade clearing and custody services for broker-dealers, investment advisors, and overseas financial institutions in the U.S. market, responsible for key processes such as securities and funds settlement, and risk management. This year, the company has processed approximately 515 million stock trades, involving nearly $2 trillion, accounting for about 2.4% of the National Market System (NMS) stock trading volume in the U.S.

As Wall Street institutions accelerate their exploration of on-chain finance, traditional market infrastructure is becoming an important direction for the competition of tokenized assets. RQD has previously collaborated with Blue Ocean Technologies to advance the clearing and settlement infrastructure for tokenized U.S. stocks and has aligned with the tokenized securities framework of the Depository Trust & Clearing Corporation (DTCC).