RQD Clearing raises $74M to expand clearing tech across three continents
What's the deal? RQD Clearing has raised a $74 million minority growth investment led by Bain Capital Tech OpportunitiesDealroom has a profile for this one. Try Dealroom →, with participation from ABN AMRO Clearing BankDealroom has a profile for this one. Try Dealroom → and Nyca PartnersDealroom has a profile for this one. Try Dealroom →. The New York firm provides clearing and custody services for broker-dealers, registered investment advisers, and foreign financial institutions accessing US markets.
What's the endgame? RQD plans to use the capital to expand across North America, Asia, and the Middle East. It will also invest in technology, with a focus on digital assets and tokenization.
Why now? Demand for US market access is rising as institutions seek longer trading hours and broader product offerings. RQD says its platform, built as a technology-first alternative to legacy systems, supports 24x5 access to US equity markets and quick adjustments to new products.
By the numbers: RQD has processed over 543 million ledger transactions and cleared roughly 515 million equity transactions year to date, accounting for nearly $2 trillion in notional value.
Chief executive officer Michael Sanocki pointed to Bain's "extensive financial technology expertise" as central to the partnership. Michael Grandfield of Bain Capital Tech Opportunities said RQD could support clients' needs "at a meaningful scale."
The signal: At $74 million, the round sits in the upper tier for its category, reflecting investor appetite for infrastructure that modernises aging clearing platforms. As capital markets grow more global, digital, and continuous, backers are wagering that firms rebuilding the plumbing — not just the front end — stand to gain.
Read more: third-news.com
Image credit: thetaxhaven
