Receipts Depositary Corporation Raises $7 Million in Funding Led by LiveOak Ventures

Receipts Depositary Corporation (RDC), an issuer of depositary receipts for digital and alternative assets, said it has completed a $7 million funding round led by LiveOak Ventures. According to Odaily, the round also included participation from Hivemind Capital, Onigiri Capital, OTC Markets Group, GTS, and Redbeard Ventures. RDC said it plans to use the new funds to accelerate development of its digital asset depositary receipt products and to provide U.S. investors with compliant securitized products and infrastructure services spanning multiple asset classes.