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

RQD* Clearing has raised $74 million to expand into digital assets and prepare its infrastructure for financial markets moving onchain. The financing comes as Wall Street prepares for tokenized markets. Bain Capital Tech Opportunities led the minority investment. ABN AMRO Clearing Bank and Nyca Partners participated. RQD* Clearing plans to expand in North America, Asia and the Middle East. The company also plans to develop products for digital asset custody and tokenization. Stocks, funds and bonds are increasingly moving onto blockchain rails. Tokenized securities still require custody and clearing. They also require risk management and settlement. RQD* Clearing provides clearing and custody services to broker-dealers. It serves investment advisers. It also serves overseas financial institutions accessing U.S. markets. Clearing firms track positions. They move securities and cash. They manage risk between a trade and its final settlement.