What R&T Deposit Solutions does

R&T Deposit Solutions operates a regulated network-based platform that enables financial institutions to provide expanded FDIC and NCUA deposit insurance coverage to end customers through deposit placement and sweep programs. The company administers a network of 350+ participating banks and financial institutions, managing $178B+ in Assets Under Administration across 11M+ customer accounts, and offers expanded insurance coverage up to $60M per depositor through coordinated placement across multiple receiving institutions.

The platform consists of four core products: DDM® (Demand Deposit Marketplace®), a configurable cash management solution with send, receive, and reciprocal options; CDMX (Certificate of Deposit Marketplace Exchange), a CD program with fixed rates and flexible maturities; RTID® (R&T Insured Deposits Program), a send-only cash sweep program; and Funding Solutions, which connects depository institutions to diversified funding sources. The technology integrates with most core processors and trust accounting platforms and offers white-label capability for partner branding. The company is structured as multiple Delaware LLCs (R&T Deposit Networks, R&T Deposit Marketplace, R&T Deposit Solutions, R&T Deposit Programs) with an affiliate, Stable Custody Group II LLC, acting as agent for participating sending institutions.

Revenue is generated through administrative and recordkeeping fees for managing deposit placement and sweep programs for banks, credit unions, trust companies, wealth management firms, broker-dealers, BaaS banks, and FinTechs. Pricing is quote-based and tailored to institution size and program configuration, sold through a direct enterprise field sales motion targeting US-based financial institutions. Operating geographies are limited to the United States, and the company is privately held with no disclosed venture or private equity backing.

Name

R&T Deposit Solutions

Legal name

R&T Deposit Networks, LLC, R&T Deposit Marketplace, LLC, R&T Deposit Solutions, LLC and R&T Deposit Programs, LLC

Website

https://reichandtang.com

Company type

Private

Operating status

Operating

Short description

R&T Deposit Solutions is a private US-based deposit network administrator that provides expanded FDIC/NCUA insurance coverage and cash sweep programs to 350+ banks, BaaS providers, FinTechs, trust companies, and broker-dealers, administering $178B+ in assets across 11M+ customer accounts.

Ownership category

akta.pro rank

Product category

Deposit Placement & Cash Sweep Network Services

NAICS

Miscellaneous Intermediation (523910), Finance and Insurance (52)

SIC

Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Deposit Operations (Account Maintenance, Fees, Reconciliations) (FSABALAE)

akta.pro secondary industry

Treasury & Risk Management Solutions (FX/MM, hedging, TMS integration) (FSABAIAE)

Keywords

• Deposit placement solutions
• Cash sweep programs
• Deposit insurance networks
• Funding network programs
• BaaS deposit infrastructure

Headquarters

HQ city

West New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Administrative and Recordkeeping Services: R&T provides administrative, recordkeeping, and other services to banks, credit unions, trust companies, wealth management firms, broker-dealers and other institutions with respect to deposit placement and sweep programs. Revenue is generated through fees for program administration and recordkeeping services provided to participating financial institutions.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

R&T Deposit Solutions administers a network of deposit placement and cash sweep programs that enable banks, credit unions, trust companies, broker-dealers, BaaS banks, and FinTechs to access expanded FDIC/NCUA deposit insurance coverage and diversified funding sources. Its core offerings — DDM® (Demand Deposit Marketplace), CDMX℠ (Certificate of Deposit Marketplace Exchange), RTID® (R&T Insured Deposits), and broader Funding Solutions for Depository Institutions — route deposits across 350+ participating banks to provide expanded insurance access of up to $60M, integrated with most core processors and trust accounting platforms.

Product overview

R&T Deposit Solutions operates as a network-based deposit placement and sweep program administrator offering a platform of four interconnected products. The core offerings include DDM® (Demand Deposit Marketplace), a configurable cash management solution with send/receive/reciprocal options; CDMX℠ (Certificate of Deposit Marketplace Exchange), a CD program with fixed rates and flexible maturities; RTID® (R&T Insured Deposits), a send-only cash sweep program; and Funding Solutions, which connects depository institutions with funding sources. All programs provide access to expanded FDIC/NCUA deposit insurance coverage through a network of 350+ participating banks and financial institutions.

Differentiator

Problem solved

Functional benefit

Brands

• DDM® (Demand Deposit Marketplace®): A configurable cash management solution providing access to expanded deposit insurance coverage with send, receive, and reciprocal options.
• CDMX℠ (Certificate of Deposit Marketplace Exchange℠)
• RTID® (R&T Insured Deposits Program)

Products and services

• DDM® (Demand Deposit Marketplace® Program)
• CDMX℠ (Certificate of Deposit Marketplace Exchange℠ Program)
• RTID® (R&T Insured Deposits Program)
• Funding Solutions for Depository Institutions

Quantifiable outcome

• $178B+ Assets Under Administration
• +3 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Emerging players

• Stripe Treasury: Stripe Treasury enables platforms to embed FDIC-insured deposit accounts through partner banks; relevant as a FinTech-facing deposit infrastructure alternative and a participant in the same expanded-insurance economics that drive RTID adoption.
• Treasury Prime: Treasury Prime is a BaaS API platform connecting banks and FinTechs for deposit and ledger account products; overlaps with R&T in serving community banks seeking BaaS enablement and represents a competitive or complementary infrastructure layer.
• Unit Finance: Unit is an embedded banking platform enabling FinTechs to launch deposit, checking, and lending products via sponsor-bank partnerships; comparable to R&T on the BaaS/FinTech customer side and a potential integration partner or substitute for RTID-style expanded-insurance programs.
• Modern Treasury: Modern Treasury provides a treasury operations platform used by fintechs and banks to manage bank accounts, payments, and ledgering; while not a deposit network itself, it is a comparable fintech infrastructure provider selling into many of the same BaaS banks and FinTechs that R&T serves.
• Synctera: Synctera is a BaaS platform that pairs FinTechs with sponsor banks, offering end-to-end embedded banking including deposit account infrastructure; it targets the same BaaS banks and FinTech segments where R&T's RTID program is positioned as expanded-insurance infrastructure.

Regional players

• Lead Bank: Lead Bank is a sponsor bank specializing in BaaS partnerships for FinTechs (e.g., Brex, Chime-adjacent programs); it represents the type of BaaS-focused community bank that R&T serves through RTID, and a sponsor-bank partner that could integrate with or compete for R&T's FinTech-segment mandates.
• Choice Financial Group (Cash Management / CD Network): Choice Financial Group operates a regional bank network offering CD placement and cash-sweep products comparable to R&T's DDM and CDMX; smaller and regionally focused but functionally a peer in the deposit-network model serving community banks.

Direct peers

• IntraFi Network (formerly Promontory Interfinancial Network): IntraFi is the most direct peer, operating the CDARS (Certificate of Deposit Account Registry Service) and ICS (Insured Cash Sweep) networks, which provide virtually identical expanded FDIC insurance through reciprocal arrangements across thousands of banks - directly competing with R&T's DDM and CDMX programs.

Broad incumbents

• Fifth Third Bank Institutional Bank Solutions: Fifth Third Bank offers institutional cash management, sweep, and treasury services to mid-market and corporate clients; comparable in customer profile to R&T's depository and trust company segments but bundled within a full-service commercial bank rather than a specialized network.
• BNY Mellon LiquidityDirect: BNY Mellon's LiquidityDirect platform offers institutional cash sweep and money-market fund access for corporate treasurers; while far broader and aimed at large corporates, it represents an incumbent alternative for the high-balance deposit and sweep needs that R&T's programs also serve.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/rnt-deposit-solutions

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about R&T Deposit Solutions