Lowenstein Represents Receipts Depositary Corporation in Financing to Modernize Depositary Receipts for Digital and Alternative Assets

Lowenstein Sandler LLP represented Receipts Depositary Corporation (RDC), the first depositary with the ability to issue depositary receipts on digital and alternative assets, in its $7 million oversubscribed funding round. The round was led by LiveOak Ventures with participation from Hivemind Capital, Onigiri Capital, OTC Markets Group, GTS, and Redbeard Ventures.

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

The Lowenstein team included Eric Weiner, Laura Cicirelli, Claire Dronzek, and Dylan Blanchard.