Clearing Firm RQD Raises $74 Million to Expand Tokenization Infrastructure
Source Summary
RQD, a U.S. clearing and custody firm, raised $74 million in a funding round led by Bain Capital. The company plans to use the capital to expand its digital asset and tokenization infrastructure as Wall Street prepares for tokenized markets.
Why it matters
The funding demonstrates institutional investor confidence in tokenization infrastructure as a critical component of Wall Street's digital asset transition.
