Wall Street · U.S. · Blue Origin · CoinDesk
Clearing firm RQD* raises $74 million as Wall Street gears up for tokenized markets
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RQD* Clearing, a U.S. firm that handles the plumbing behind stock and options trading, has raised $74 million as it looks to expand into digital assets and prepare its infrastructure for a financial market increasingly moving onchain.
Key facts
- DTCC, which provides the clearing and settlement backbone for U.S. securities markets, also moved toward 24/5 clearing in June
- 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
- In March, the firm partnered with Blue Ocean Technologies to work on clearing and settlement infrastructure for tokenized U.S. National Market System (NMS) equities, aligning the project
- RQD* Clearing, a U.S. firm that handles the plumbing behind stock and options trading, has raised $74 million as it looks to expand into digital assets and prepare its infrastructure for a financial
Summary
RQD* Clearing raised $74 million from investors led by Bain Capital, with ABN AMRO Clearing Bank and Nyca Partners also participating. The firm plans to invest in digital assets and tokenization, including infrastructure to custody blockchain-based assets for financial institutions. The deal comes as stocks, funds and bonds increasingly move onto blockchain rails, putting pressure on the decades-old systems that clear and settle trades. 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 Thursday.