SKN | Alpaca Raises $135 Million to Expand Tokenized Markets and AI-Powered Brokerage Infrastructure

• Brokerage infrastructure provider Alpaca has raised $135 million in new equity funding alongside up to $300 million in debt financing.
• The company plans to accelerate development of agent-first brokerage and API-first prime brokerage infrastructure.
• Alpaca aims to capitalize on the rapid growth of tokenized financial assets and AI-driven financial services.
• The funding comes as tokenized stocks reach a record $2.3 billion in global market capitalization.

Alpaca Secures Fresh Capital to Expand Digital Finance Infrastructure

Brokerage infrastructure provider Alpaca has raised $135 million in a new funding round as it expands its platform to support tokenized financial assets and artificial intelligence-powered brokerage services.

The financing round was led by Peak XV, while additional debt financing of up to $300 million was provided by Payward, the parent company of cryptocurrency exchange Kraken, and BMO.

The latest investment follows Alpaca’s Series D funding round completed earlier this year, which valued the fintech company at approximately $1.15 billion.

Company Bets on AI and Tokenization

Alpaca said the new capital will primarily support the expansion of its agent-first brokerage platform and API-first prime brokerage infrastructure, positioning the company to serve a new generation of automated financial applications.

According to co-founder and Chief Executive Officer Yoshi Yokokawa, advances in tokenization and artificial intelligence are reshaping how financial markets operate and creating demand for regulated infrastructure capable of supporting these emerging technologies.

The company expects AI-powered financial agents and blockchain-based assets to become increasingly important components of global capital markets.

Tokenized Assets Continue Rapid Growth

The fundraising comes as tokenized securities continue to gain momentum across the financial industry.

Global market capitalization for tokenized stocks has climbed to a record $2.3 billion, reflecting growing interest in bringing traditional financial assets onto blockchain networks.

Financial institutions and digital asset companies are increasingly offering tokenized versions of equities and other investment products, expanding access to investors across multiple jurisdictions.

Industry participants view tokenization as a way to improve settlement efficiency, enhance market accessibility and enable continuous trading of financial assets.

Strategic Partnership With Binance

Alpaca has also expanded its presence within the digital asset ecosystem through strategic partnerships.

Last month, cryptocurrency exchange Binance disclosed a revenue-sharing agreement with Alpaca, which provides the brokerage, clearing and custody infrastructure supporting Binance’s stock trading services.

The partnership reflects increasing collaboration between traditional financial technology providers and cryptocurrency platforms seeking to broaden their investment offerings.

Regulated Infrastructure Gains Importance

As blockchain technology and artificial intelligence converge, companies are investing heavily in regulated infrastructure capable of supporting institutional and retail financial services.

Rather than focusing solely on cryptocurrency trading, firms like Alpaca are building foundational systems that enable brokerages, exchanges and fintech platforms to integrate tokenized assets alongside conventional financial products.

The trend illustrates the broader convergence of traditional finance and blockchain-based markets as institutions prepare for wider adoption of digital financial infrastructure.

Outlook

Alpaca’s latest funding round highlights growing investor confidence in the long-term potential of tokenized assets and AI-driven financial services. As more financial products migrate onto blockchain networks and automated investment platforms become increasingly sophisticated, demand for regulated brokerage infrastructure is expected to continue expanding, positioning companies like Alpaca to play a central role in the evolving digital finance ecosystem.