Key Takeaways
- • Receipts Depositary Corporation closed a $7 million oversubscribed funding round led by LiveOak Ventures, with strategic participation from Hivemind Capital, Onigiri Capital, OTC Markets Group, GTS, and Redbeard Ventures.
- • RDC is the first depositary capable of issuing depositary receipts (DRs) on digital and alternative assets, extending regulated securities market access to asset classes historically excluded from traditional capital markets infrastructure.
- • Funding will accelerate product development and market distribution, supporting new DR product launches, expansion of distribution capabilities, capital markets infrastructure investment, and strategic team hiring.
- • The company operates with depositary receipt expertise spanning more than a decade, providing issuer services, operational infrastructure, and market connectivity that link asset issuers, intermediaries, and U.S. capital markets through regulated instruments.
- • The funding validates growing institutional demand for modernized depositary receipt infrastructure capable of supporting digital assets, commodities, and other alternative asset classes seeking securities market eligibility.
Summary
Receipts Depositary Corporation, a Houston-based fintech provider, has secured $7 million in an oversubscribed funding round to accelerate the modernization of depositary receipt infrastructure for digital and alternative assets. The round was led by LiveOak Ventures, with strategic investment participation from Hivemind Capital, Onigiri Capital, OTC Markets Group, GTS, and Redbeard Ventures. The oversubscription indicates strong institutional confidence in RDC's market opportunity and execution capabilities.
RDC positions itself as the first depositary with the technical and regulatory capability to issue depositary receipts on digital and alternative assets. Depositary receipts are established, regulated capital markets instruments that have traditionally been used to facilitate cross-border equity access. By extending this framework to digital assets, commodities, and other alternative asset classes, RDC is addressing a structural gap in the U.S. securities market infrastructure—enabling asset issuers in previously inaccessible categories to reach institutional and retail investors through regulated, securities-eligible vehicles.
The funding will support several strategic priorities: launching new DR products tailored to emerging asset classes, expanding distribution capabilities to reach broader intermediary networks, continued investment in capital markets infrastructure and connectivity, and strategic hiring to support organizational growth. According to Ankit Mehta, Chief Executive Officer of RDC, the funding round represents "strong validation of what we're building at RDC and the growing demand for modernized Depositary Receipt infrastructure." The company's founding team brings more than a decade of collective experience in the depositary receipt business, providing established expertise in regulatory frameworks, settlement infrastructure, and issuer relations.
The investment underscores institutional recognition that regulated depositary receipt structures offer a credible, compliant pathway for alternative assets—including digital assets like bitcoin and Ethereum—to access traditional capital markets. This positions RDC at the intersection of digital asset adoption and institutional investment infrastructure, where demand from family offices, hedge funds, and other alternative investment managers continues to expand.
RDC positions itself as the first depositary with the technical and regulatory capability to issue depositary receipts on digital and alternative assets. Depositary receipts are established, regulated capital markets instruments that have traditionally been used to facilitate cross-border equity access. By extending this framework to digital assets, commodities, and other alternative asset classes, RDC is addressing a structural gap in the U.S. securities market infrastructure—enabling asset issuers in previously inaccessible categories to reach institutional and retail investors through regulated, securities-eligible vehicles.
The funding will support several strategic priorities: launching new DR products tailored to emerging asset classes, expanding distribution capabilities to reach broader intermediary networks, continued investment in capital markets infrastructure and connectivity, and strategic hiring to support organizational growth. According to Ankit Mehta, Chief Executive Officer of RDC, the funding round represents "strong validation of what we're building at RDC and the growing demand for modernized Depositary Receipt infrastructure." The company's founding team brings more than a decade of collective experience in the depositary receipt business, providing established expertise in regulatory frameworks, settlement infrastructure, and issuer relations.
The investment underscores institutional recognition that regulated depositary receipt structures offer a credible, compliant pathway for alternative assets—including digital assets like bitcoin and Ethereum—to access traditional capital markets. This positions RDC at the intersection of digital asset adoption and institutional investment infrastructure, where demand from family offices, hedge funds, and other alternative investment managers continues to expand.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.