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

Rhea-AI Summary

Receipts Depositary Corporation (NASDAQ:LAW) raised $7 million in an oversubscribed funding round led by LiveOak Ventures, with participation from several strategic investors.

The capital will fund new depositary receipt products on digital and alternative assets, expand market distribution, enhance infrastructure, and support company-wide hiring.

Positive

• $7 million oversubscribed funding round completed
• Round led by LiveOak Ventures with multiple strategic investors
• Capital allocated to launch new DR products across more asset categories
• Planned expansion of distribution and go-to-market capabilities
• Investment in capital markets infrastructure to support DR platform
• Active hiring across product, operations, technology, and commercial roles

Negative

• None.

News Market Reaction – LAW

+2.02%

2 alerts

+2.02% Session close to close

$232.50M Market Cap

0.8x Rel. Volume

In the Jun 16 session, LAW gained 2.02%, reflecting a moderate positive market reaction. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights a $7 million oversubscribed funding round for a depositary receipts pla...

Analysis

This announcement highlights a $7 million oversubscribed funding round for a depositary receipts platform targeting digital and alternative assets, backed by investors that also appear in LAW’s broader ecosystem. For LAW, recent history includes Q1 2026 revenue of $41.9M with solid software growth and new enterprise agreements. Investors may watch how such ecosystem developments, together with ongoing insider activity and conference visibility, influence future customer growth and revenue momentum.

Key Figures

Funding round: $7 million Q1 2026 revenue: $41.9 million Q1 2026 software revenue: $34.7 million +5 more

8 metrics

Funding round $7 million Oversubscribed round for Receipts Depositary Corporation

Q1 2026 revenue $41.9 million Total revenue, up 14% year-over-year

Q1 2026 software revenue $34.7 million Software revenue, up 12% year-over-year

Revenue growth 14% Q1 2026 total revenue year-over-year increase

Software growth 12% Q1 2026 software revenue year-over-year increase

Large customers 347 customers Customers generating >$100k over 12 months in Q1 2026

Post-earnings move -19.65% 24h price reaction after Q1 2026 earnings release

Current price $3.47 Pre-news trading level vs. 52-week range

Historical Context

5 past events · Latest: Jun 11 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jun 11	Funding news	Positive	-1.9%	Artis secured $7.3M seed funding plus up to $3M revolving credit.
May 07	Conference update	Neutral	+2.7%	Updated date and virtual format for Needham conference presentation.
May 06	Quarterly earnings	Positive	-19.6%	Q1 2026 revenue and software sales grew double digits with narrowing loss.
Apr 30	Partnership expansion	Positive	-3.8%	Three-year enterprise agreement making DISCO primary eDiscovery provider.
Apr 28	Conference appearance	Neutral	+1.1%	Announcement of upcoming Needham conference presentation schedule.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Positive operational or financing updates have often coincided with negative price reactions, while neutral conference-related news has seen modest gains.

Recent Company History

Over the last few months, CS Disco (NYSE: LAW) has reported several milestones, including $41.9M in Q1 2026 revenue with double-digit growth and an expanded eDiscovery partnership via a three-year enterprise agreement. It also announced multiple investor conference presentations and, more recently, an affiliate company funding round of $7.3M. Despite constructive fundamentals, several of these positive or growth-oriented updates saw negative 24-hour price reactions, suggesting a pattern of cautious trading around news.

Key Terms

depositary receipts, digital assets, alternative assets, capital markets

4 terms

depositary receipts financial

"the ability to issue depositary receipts (DR) on digital and alternative assets"

A depositary receipt is a certificate issued by a bank that represents ownership of shares in a foreign company and can be bought and sold on a local stock exchange. Think of it as a proxy share held in a safe abroad so investors can trade and receive dividends in their own market and currency, making it easier to access foreign companies while exposing investors to the issuer’s underlying business and cross‑border risks.

digital assets technical

"issue depositary receipts (DR) on digital and alternative assets"

Digital assets are electronic files or representations of value stored electronically, such as cryptocurrencies, digital tokens, or digital art. They matter to investors because they can be bought, sold, and used for transactions much like physical assets, but exist entirely in digital form, offering new opportunities for investment and financial innovation.

View in glossary

alternative assets financial

"issue depositary receipts (DR) on digital and alternative assets"

Investments that sit outside traditional stocks, bonds and cash—examples include real estate, private equity, hedge funds, commodities, collectibles and some cryptocurrencies. They matter to investors because they can offer different returns and risks, reduce exposure to market swings and provide access to income or growth sources not tied to public markets; think of them as adding different ingredients to a portfolio’s recipe to balance flavor and risk, though they often trade less frequently and can carry higher fees.

capital markets financial

"connectivity required to bring DR products to U.S. investors across a range of asset classes, connecting asset issuers, intermediaries, and U.S. capital markets"

Capital markets are places where people and organizations buy and sell long-term investments like stocks and bonds. They help connect those who need money to grow or fund projects with investors looking to earn returns over time. For investors, capital markets are important because they offer opportunities to invest, save, and grow their wealth through a variety of financial assets.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Oversubscribed round led by LiveOak Ventures will support new Depositary Receipt offerings, expanded market distribution, and scale the team ahead of new product launches

HOUSTON, June 16, 2026 /PRNewswire/ -- Receipts Depositary Corporation (RDC), the first depositary with the ability to issue depositary receipts (DR) on digital and alternative assets, today announced the close of a $7 million oversubscribed funding round. The round was led by LiveOak Ventures, with participation from strategic investors including Hivemind Capital, Onigiri Capital, OTC Markets Group, GTS, and Redbeard Ventures.

The funding will support RDC's next phase of growth, including the launch of new DR products, expansion of distribution capabilities, continued investment in capital markets infrastructure, and strategic hiring across the organization.

RDC provides the issuer services, operational infrastructure, and market connectivity required to bring DR products to U.S. investors across a range of asset classes, connecting asset issuers, intermediaries, and U.S. capital markets through regulated, securities market-eligible instruments. The company was founded by a team with more than a decade of experience in the DR business.

"This funding round is a strong validation of what we're building at RDC and the growing demand for modernized Depositary Receipt infrastructure," said Ankit Mehta, Chief Executive Officer of RDC. "With the support of LiveOak Ventures and our investor partners, we are accelerating development across our DR platform expanding our market reach, and building the team needed to support the next generation of DR products."

"Depositary Receipts are trusted, regulated capital markets products which RDC is bringing to an entirely new universe of assets, from commodities to digital assets, that have historically been out of reach of traditional securities markets. said Krishna Srinivasan, Founding Partner at LiveOak Ventures. "The team's depth of experience in the DR business on a global scale, combined with the broad institutional validation from co-investors, anchor customers, and strategic partners across asset classes, makes RDC uniquely positioned to define this category. We're proud to lead this round and support the company as it scales."

The proceeds from the round will support three strategic priorities. First, RDC will accelerate the development of its next-generation DR product offerings across a wider range of asset categories. Second, the company will expand its go-to-market efforts and deepen relationships across the DR ecosystem, including banks, broker-dealers, market makers, custodians, and exchange partners. Third, RDC will continue scaling its team across product, operations, technology, and commercial functions.

RDC is actively hiring as it expands its platform and prepares for upcoming product launches. The company is seeking professionals with capital markets expertise and a passion for building infrastructure that expands access to digital and alternative asset markets.

About Receipts Depositary Corporation

RDC is the first depositary with the ability to issue depositary receipts (DRs) on digital and alternative assets. RDC's products currently enable investors to own a wide range of assets through compliant, institution-grade DR instruments designed to enhance liquidity, access, and cross-border efficiency. This ability reflects the founders' decade of experience in the DR business. Combining deep capital markets expertise with innovation, RDC is building a modern, transparent, technology-driven depositary platform designed for today's markets, and plans to expand its suite of products to make certain offerings available to retail investors. RDC is not a bank and is not registered as a broker, dealer or investment adviser in any jurisdiction. Learn more at www.receiptsdepo.com.

About LiveOak Ventures

LiveOak Ventures is an early-stage venture capital firm based in Austin, Texas. With over 23 years of successful venture investing in Texas, the founders of LiveOak have helped create nearly $5 billion of enterprise value. While almost all of LiveOak's investments begin in the early stages, LiveOak is a complete life cycle investor focused on technology and technology-enabled service companies. With nearly $500M under management, LiveOak has led investments in 60 high-growth Texas-based companies, including DISCO (NYSE: LAW), Eventus, Schoolinks, AmplifAI, Homeward, Take Command Health, and Osano. Recognized as the Venture Capital Firm of the Year at the inaugural A-List awards by the Greater Austin Chamber of Commerce, LiveOak is dedicated to supporting local founders, fostering the next generation of leaders, and building category-dominating companies.

About Hivemind Capital

Hivemind Capital is a global investment group operating at the intersection of traditional finance and the onchain economy. Founded in 2021, Hivemind allocates institutional capital across a diverse set of investment strategies, and implements technology infrastructure to help assets and institutions transition onto blockchain rails with discipline, durability, and scale. Learn more at hivemind.capital.

About GTS

GTS is a collection of financial services companies spanning a wide array of asset classes and investment approaches, all powered by the combination of market expertise with innovative, proprietary technology. With roots as a quantitative trading firm continually building for the future, the GTS family of companies are able to leverage the latest in artificial intelligence systems and sophisticated pricing models to bring consistency, efficiency, and transparency to today's financial markets. GTS's electronic market maker GTS Securities accounts for 3-5% of daily cash equities volume in the U.S. and is a leading Designated Market Maker (DMM) at the New York Stock Exchange, responsible for nearly $13 trillion of market capitalization.

About Onigiri Capital

Onigiri Capital is a venture capital fund launched by Saison Capital, the corporate venture arm of Japan's Credit Saison. Onigiri is on a mission to support innovation to chart the next chapter of finance through facilitating trust, scale, and adoption for blockchain technology. The fund leverages its Asian institutional heritage to fund, advise, and empower blockchain founders who are unlocking real-world, global financial products and utility across stablecoins, payments, tokenized assets, DeFi, and financial markets infrastructure. For more information, visit onigiri.vc.

About OTC Markets Group

OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our public markets: OTCQX® Best Market, OTCQB® Venture Market, OTCID™ Basic Market and Pink Limited™ Market. Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

OTC Link ATS, OTC Link ECN, OTC Link NQB, OTC Overnight® and MOON ATS® are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

About Red Beard Ventures

Red Beard Ventures (RBV) runs a leading stage/sector-agnostic syndicate & a web3 / AI fund. The syndicate is one of the most active syndicates on AngelList + Echo and invests in Frontier Technology with a focus on Space, Sports, Industrial Robotics, Defense and Biotech. RBV invests anywhere between $100k - $1.5M per deal and has invested in Vast Aerospace, Layerzero, Major League Pickleball - Texas Ranchers, Unstoppable Domains, Liquid Death, Canva, Anduril, SpaceX, and 200+ other companies.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws. These statements involve known and unknown risks and uncertainties that may cause actual results to differ materially. RDC undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release. Nothing in this press release should be construed as an offer to sell or a solicitation of an offer to buy any securities.

Media Contact:
Forefront Communications
RDC@forefrontcomms.com
www.receiptsdepo.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/receipts-depositary-corporation-raises-7-million-to-modernize-depositary-receipts-for-digital-and-alternative-assets-302801597.html

SOURCE Receipts Depositary Corporation

FAQ

What did Receipts Depositary Corporation (LAW) announce on June 16, 2026?

Receipts Depositary Corporation announced closing a $7 million oversubscribed funding round led by LiveOak Ventures. According to RDC, proceeds will support new depositary receipt products, expanded distribution, capital markets infrastructure investments, and strategic hiring across product, operations, technology, and commercial functions.

How much funding did Receipts Depositary Corporation (LAW) raise and who led the round?

Receipts Depositary Corporation raised $7 million in an oversubscribed round led by LiveOak Ventures. According to RDC, additional strategic investors include Hivemind Capital, Onigiri Capital, OTC Markets Group, GTS, and Redbeard Ventures, providing institutional backing across asset and market participants.

How will the $7 million funding round impact Receipts Depositary Corporation (LAW)?

The $7 million funding will finance RDC’s next growth phase in depositary receipts. According to RDC, proceeds support developing next-generation DR offerings, expanding go-to-market efforts and distribution relationships, enhancing capital markets infrastructure, and scaling the team ahead of upcoming product launches.

What markets and asset classes is Receipts Depositary Corporation (LAW) targeting with its DR platform?

Receipts Depositary Corporation is targeting digital and alternative assets through regulated depositary receipts. According to RDC, its platform aims to connect asset issuers, intermediaries, and U.S. investors across asset classes including commodities and digital assets via securities market-eligible instruments.

What will Receipts Depositary Corporation (LAW) use the new capital for?

Receipts Depositary Corporation plans to use the capital for three main priorities. According to RDC, these are accelerating next-generation DR product development, expanding go-to-market and ecosystem relationships, and scaling hiring in product, operations, technology, and commercial roles to support platform growth.

Is Receipts Depositary Corporation (LAW) hiring after its June 2026 funding round?

Yes, Receipts Depositary Corporation is actively hiring following the $7 million raise. According to RDC, the company seeks professionals with capital markets expertise to support platform expansion, upcoming depositary receipt product launches, and growth across product, operations, technology, and commercial teams.

What makes Receipts Depositary Corporation’s (LAW) depositary receipts offering distinctive?

Receipts Depositary Corporation highlights its ability to issue depositary receipts on digital and alternative assets. According to RDC, it provides issuer services, operational infrastructure, and market connectivity that bring these assets to U.S. investors as regulated, securities market-eligible instruments across multiple asset classes.