Houston fintech company closes $7M funding round (opens original article in a new tab)

Houston fintech company Receipts Depositary Corporation closed a $7 million funding round to scale its depositary receipts platform for digital and alternative assets.

• Houston-based fintech company Receipts Depositary Corporation closed a $7 million funding round led by LiveOak Ventures
• RDC's platform issues depositary receipts for digital and alternative assets like cryptocurrencies
• The funding will be used to expand DR products to more asset categories and grow business relationships and teams
• RDC was founded in 2022 by Citibank alumni and started offering DRs for Bitcoin in 2024