RQD Clearing Secures $74 Million Growth Investment Led by Bain Capital | LeapRate
RQD* Clearing, a technology-driven clearing and custody firm, has secured a $74 million minority growth investment led by Bain Capital Tech Opportunities, with additional participation from ABN AMRO Clearing Bank and Nyca Partners, the companies announced on August 27, 2026.
The New York and Boston-based firm provides infrastructure that allows broker-dealers, RIAs and foreign financial institutions to access U.S. markets. The new capital will support RQD*’s expansion across North America, Asia and the Middle East, while accelerating investment in its technology and product capabilities, including digital assets and tokenization.
RQD* was built as a standalone clearing firm rather than as a technology layer added to legacy infrastructure. Its proprietary platform gives clients real-time visibility into their data, helping them avoid the delayed files and manual processes still common across post-trade systems.
The firm’s scale is notable. Year to date, RQD* has processed more than 543 million ledger transactions and cleared roughly 515 million equity transactions, representing 69.5 billion shares and nearly $2 trillion in notional value, about 2.43% of the NMS equities market. It has also cleared close to 64.8 million options contracts, worth $120.7 billion in premium and $3.93 trillion in notional value.
With this round, Bain Capital joins existing investors including ABN AMRO Clearing Bank, Nyca Partners, Gentree Fund and Belvedere Strategic Capital. Michael Sanocki, CEO of RQD* Clearing, said the investment validates the platform the company has built and will support its next phase of growth. Michael Grandfield, Partner at Bain Capital Tech Opportunities, said RQD* provides infrastructure that financial institutions need as capital markets grow more global and digital.
