security
Clearing Firm RQD* Secures $74 Million in Funding to Support Tokenized Markets
Bain Capital led a $74 million investment in RQD*, a U.S.-based clearing and custody firm, to expand its digital asset and tokenization infrastructure, signaling growing institutional engagement with tokenized markets.
AS1 NewsSource: coindesk.com
URQD*, a prominent clearing and custody firm based in the United States, has announced it has raised $74 million in a funding round led by Bain Capital. This investment aims to support RQD*'s plans to expand its infrastructure for digital assets and tokenized securities, reflecting increasing institutional interest in the development of tokenized markets.
The firm specializes in providing clearing and custody services tailored for digital assets, positioning itself as a key player in the evolving landscape of tokenized financial products. The new funding will enable RQD* to enhance its technological capabilities and expand its service offerings to accommodate the growing demand for secure and compliant digital asset transactions.
This development comes amid a broader trend of traditional financial institutions and investment firms increasingly engaging with blockchain-based assets and infrastructure. The investment underscores the momentum toward integrating digital assets into mainstream financial systems, with firms like RQD* serving as critical infrastructure providers.
While details about specific projects or partnerships were not disclosed, the funding highlights the ongoing shift toward institutional acceptance and the maturation of the digital asset ecosystem.
The funding supports RQD*'s expansion into digital asset and tokenization infrastructure, potentially facilitating broader institutional participation in tokenized markets.