Receipts Depositary Corporation Raises $7M in Funding

The round also saw participation from strategic investors including Hivemind Capital, Onigiri Capital, OTC Markets Group, GTS, and Redbeard Ventures.

The company plans to use the funds to support its next stage of growth, including launching new DR products, expanding distribution capabilities, investing in capital markets infrastructure, and hiring additional talent across the organization.

RDC is actively expanding its team as it grows its platform and prepares to launch new products. The company is looking for professionals with capital markets experience who are interested in building infrastructure that improves access to digital and alternative asset markets.

RDC provides issuer services, operational infrastructure, and market access needed to bring DR products to U.S. investors across different asset classes. The platform connects asset issuers, intermediaries, and U.S. capital markets through regulated investment products.

"This funding round is a strong validation of what we're building at RDC and the growing demand for modernized Depositary Receipt infrastructure," said Ankit Mehta, Chief Executive Officer of RDC. "With the support of LiveOak Ventures and our investor partners, we are accelerating development across our DR platform expanding our market reach, and building the team needed to support the next generation of DR products."

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"Depositary Receipts are trusted, regulated capital markets products which RDC is bringing to an entirely new universe of assets, from commodities to digital assets, that have historically been out of reach of traditional securities markets. said Krishna Srinivasan, Founding Partner at LiveOak Ventures. "The team's depth of experience in the DR business on a global scale, combined with the broad institutional validation from co-investors, anchor customers, and strategic partners across asset classes, makes RDC uniquely positioned to define this category.

About Receipts Depositary Corporation

Founded in 2022 by Ankit Mehta, Bryant Kim, and Ishaan Narain, RDC is the first depositary able to issue depositary receipts (DRs) backed by digital and alternative assets. Its products allow investors to access a wide range of assets through compliant, institution grade DR instruments designed to improve liquidity, accessibility, and cross-border efficiency.

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