RQD Clearing Completes $74M Funding Led by Bain Capital

Huo Xing Finance reports that U.S. clearing and custody provider RQD Clearing has announced the completion of a $740 million funding round led by Bain Capital Tech Opportunities, the technology investment arm of Bain Capital, with participation from ABN AMRO Clearing Bank, Nyca Partners, and others. The proceeds will be used to expand operations in North America, Asia, and the Middle East, and to further develop infrastructure for digital asset custody and asset tokenization. RQD primarily provides post-trade clearing and custody services in the U.S. market to broker-dealers, investment advisors, and international financial institutions, handling critical functions such as securities and cash settlement and risk management. This year alone, the company has processed approximately 515 million stock trades valued at nearly $2 trillion, accounting for about 2.4% of total trading volume on the U.S. National Market System (NMS). As Wall Street institutions accelerate their exploration of on-chain finance, traditional market infrastructure is becoming a key battleground for tokenized assets. RQD has previously partnered with Blue Ocean Technologies to build clearing and settlement infrastructure for tokenized U.S. equities and aligns its efforts with the tokenized securities framework of the Depository Trust & Clearing Corporation (DTCC).