Woofun AI reports that Receipts Depositary Corporation has finalized a $7 million financing round. LiveOak Ventures spearheaded the investment, with additional capital provided by Hivemind Capital, Onigiri Capital, OTC Markets Group, GTS, and Redbeard Ventures.

The proceeds are designated to expedite the creation of digital asset depositary receipt products. This capital injection aims to establish compliant securitized infrastructure serving multiple asset classes specifically for the U.S. investor base.