Houston Fintech RDC Raises $7M for Digital Asset DR Expansion
By Varun Mittal
Houston’s Receipts Depositary Corporation (RDC) secures $7M in funding led by LiveOak Ventures to expand its digital and alternative asset depositary receipt offerings.
Houston Fintech RDC Closes $7M Funding Round
Houston-based fintech company Receipts Depositary Corporation (RDC) has successfully closed an oversubscribed $7 million funding round. This capital infusion, led by LiveOak Ventures, will significantly boost RDC’s mission to make digital and alternative assets more accessible to investors.
Key Details & Expansion Plans
- RDC was founded in 2022 by three Citibank alumni.
- The company specializes in issuing depositary receipts (DRs) for digital and alternative assets.
- RDC began offering DRs for Bitcoin in 2024.
- Currently, it supports cryptocurrencies including Bitcoin, Ethereum, Solana, and XRP.
The new funds are earmarked for several strategic initiatives. RDC plans to expand its DR product offerings to include a wider range of asset categories, such as commodities. This move aims to diversify its portfolio and cater to a broader investor base.
Future Growth & Partnerships
Furthermore, the investment will strengthen RDC’s partnerships with financial institutions. It will also facilitate the growth of its product, operations, technology, and commercial teams, underscoring a commitment to innovation and market expansion in the fintech sector.