Receipts Depositary Corporation Raises $7M for Next-Gen Digital Asset Receipt Platform
LAW•Receipts Depositary Corporation closed a $7 million oversubscribed funding round led by LiveOak Ventures with participation from Hivemind Capital, Onigiri Capital, OTC Markets Group, GTS and Redbeard Ventures. The proceeds will fund launch of new digital and alternative asset depositary receipts, expand market distribution and scale hiring across operations and technology.
1. Funding Round Details
Receipts Depositary Corporation closed a $7 million oversubscribed funding round led by LiveOak Ventures with participation from strategic backers including Hivemind Capital, Onigiri Capital, OTC Markets Group, GTS and Redbeard Ventures.
2. Expansion of Receipt Offerings
The company will accelerate development of next-generation depositary receipts covering a broader range of digital and alternative assets, aiming to enhance liquidity and accessibility for U.S. investors.
3. Distribution and Infrastructure Growth
Funds will support expansion of market distribution channels, deepening partnerships with banks, broker-dealers, market makers and custodians to strengthen capital markets infrastructure.
4. Team Scaling
RDC plans strategic hires across product, operations, technology and commercial teams to support upcoming product launches and platform expansion.
