RQD* Clearing, a clearing and custody firm for broker-dealers and financial institutions, took a $74m minority growth investment led by Bain Capital Tech Opportunities, according to Bain Capital's announcement dated 27 August 2026. FinTech Global reported it the next day.
ABN AMRO Clearing Bank and Nyca Partners, which had already invested, took part, and Gentree Fund and Belvedere Strategic Capital are listed among its existing investors. No valuation was disclosed.
The release described the deal as a strategic growth investment. Bain Capital's Grandfield said the RQD* team has done an impressive job building a highly differentiated clearing and custody business.
“This investment marks a significant milestone for RQD*, validating the platform we have built”Michael Sanocki, CEO, RQD* Clearing
What RQD does
RQD* is a technology-driven clearing and custody firm. Its clients are broker-dealers, registered investment advisers, foreign financial institutions seeking US market access, fintechs and digital-first financial businesses. The press release is datelined New York and Boston and does not give a formal headquarters.
The company reported year-to-date volumes of more than 543 million ledger transactions. It said it cleared about 515 million equity transactions, covering 69.5 billion shares and nearly $2tn in notional value, or about 2.43% of the US national market system equities market. In options, it cleared about 64.8 million contracts with $120.7bn in premium and $3.93tn in notional value, about 0.63% of the options market. These are company figures.
Pulse 2 said RQD*'s in-house platform gives clients live visibility into clearing, custody and risk data and supports extended-hours trading, equities, options, ETFs and mutual funds.
What the money is for
RQD* said it will expand across North America, Asia and the Middle East. It will also invest in technology and products, including digital assets and tokenisation, and strengthen its role as a custody infrastructure layer for digital assets. A further aim is to serve more financial institutions that want access to US markets.
What the executives said
Michael Sanocki, chief executive of RQD*, said: "This investment marks a significant milestone for RQD*, validating the platform we have built." FinTech Global also quoted him saying financial institutions should not have to choose between the technology and agility of a fintech.
Michael Grandfield, a partner at Bain Capital Tech Opportunities, said RQD* provides the mission-critical infrastructure that financial institutions and fintech platforms need to keep pace.
Grandfield also said, in the Pulse 2 version of the release, that the management team has done an impressive job building the company into a highly differentiated clearing and custody business.
What is not known
The sources do not give RQD*'s founding date, headcount, revenue or earlier funding. The investor list is the only information on its backing: Bain Capital joins ABN AMRO Clearing Bank, Nyca Partners, Gentree Fund and Belvedere Strategic Capital.
The round is described as a strategic growth investment, a minority stake, rather than a conventional venture round.
FinTech Global framed the deal as part of a race among clearing infrastructure providers, and noted the $74m minority stake as the main figure of the announcement.
Company website: rqdclearing.com