Clearing firm RQD raises $74 million as Wall Street prepares for tokenized markets

U.S. clearing and custody firm RQD secured $74 million in new funding, with Bain Capital acting as the lead investor. The capital infusion is aimed at broadening the firm’s digital‑asset and tokenization capabilities, positioning it for anticipated growth in tokenized market activity on Wall Street.

Funding round details

The financing round was led by Bain Capital, which joined other undisclosed participants to provide the $74 million investment.

Strategic focus

RQD intends to use the proceeds to expand its infrastructure for handling digital assets and to develop services that support the tokenization of traditional securities. The firm’s goal is to facilitate smoother settlement and custody processes for tokenized products.

Market context

The investment reflects growing interest from traditional financial institutions in building capabilities for tokenized markets, as regulators and market participants explore new ways to digitize assets.