Key facts
- Alpaca raised $135 million in a funding round led by Peak XV.
- The company secured up to $300 million in debt financing from Kraken parent Payward and BMO.
- Previous investors include the venture capital arm of BNP Paribas.
- The funds will be used to accelerate agent-first brokerage and API-first prime brokerage infrastructure.
- Alpaca is expanding into tokenized markets and AI-native financial services.
Brokerage infrastructure provider Alpaca announced on Thursday that it has secured $135 million in a funding round led by Peak XV. The company also obtained up to $300 million in debt financing from Kraken parent Payward and BMO. This latest funding follows a Series D round in January that raised $150 million and valued the fintech at $1.15 billion. Earlier investors include the venture capital arm of BNP Paribas.
Alpaca intends to utilize the new financing to accelerate the development of its agent-first brokerage and API-first prime brokerage infrastructure. Co-founder and CEO Yoshi Yokokawa stated that demand is growing for regulated infrastructure capable of handling the paradigm shift driven by tokenization of global markets and AI's acceleration of new financial applications and participants.
The global market capitalization for tokenized stocks has reached a record $2.3 billion, according to data aggregator Token Terminal. Many crypto platforms are increasingly integrating traditional investment products onto blockchain technology, often making these assets accessible to a wider investor base. Last month, Binance revealed a revenue-sharing agreement with Alpaca, which supplies the necessary brokerage, clearing, and custody infrastructure for Binance's stock trading product.