Receipts Depositary Corporation Raises $7 Million to Modernize Depositary Receipts for Digital and Alternative Assets

Receipts Depositary Corporation (RDC) has successfully closed a $7 million oversubscribed funding round, led by LiveOak Ventures, with participation from strategic investors including Hivemind Capital, Onigiri Capital, OTC Markets Group, GTS, and Red Beard Ventures. The funding was announced on June 16, 2026, and is intended to support the launch of new depositary receipt (DR) products and expand RDC's market distribution capabilities.

Founded by a team with over a decade of experience in the depositary receipt business, RDC is positioned as a pioneer in the issuance of DRs for digital and alternative assets. The company provides essential issuer services and operational infrastructure, facilitating access to U.S. capital markets for a variety of asset classes. This funding round reflects the growing demand for modernized depositary receipt infrastructure, as indicated by RDC's CEO, Ankit Mehta, who emphasized the company's commitment to enhancing market connectivity and liquidity for investors.

The strategic rationale behind this funding is threefold. Firstly, RDC plans to accelerate the development of its next-generation DR products, which will encompass a broader range of asset categories. This diversification is crucial as the market for alternative investments continues to evolve. Secondly, the company aims to expand its go-to-market strategy, deepening relationships with key players across the DR ecosystem, including banks, broker-dealers, and custodians. Lastly, RDC intends to scale its team to support these initiatives, actively seeking professionals with capital markets expertise to bolster its operational and technological capabilities.

The participation of notable investors such as GTS, a leading electronic market maker, and Hivemind Capital, which specializes in bridging traditional finance with blockchain technology, underscores the strategic importance of this funding round. The backing from these firms not only validates RDC's business model but also enhances its credibility in a rapidly changing financial landscape.

Looking ahead, the implications of this funding round extend beyond RDC itself. As the demand for innovative financial products continues to rise, companies like RDC are well-positioned to redefine the depositary receipt market, particularly as they integrate digital and alternative assets into their offerings. This evolution may lead to increased accessibility for retail investors and greater liquidity in markets that have historically been underserved. The successful closing of this funding round may signal a broader trend of investment in financial technology firms that are focused on modernizing capital markets infrastructure.