Alpaca Raises $135M from Peak XV for Tokenized Agent Infrastructure

Brokerage infrastructure provider Alpaca announced Thursday it raised $135 million in a funding round led by Peak XV, alongside up to $300 million in debt financing from Kraken parent Payward and BMO. The funds will accelerate Alpaca's agent-first brokerage and API-first prime brokerage infrastructure. The raise follows a January Series D round that brought in $150 million at a $1.15 billion valuation, as tokenization reshapes access to global markets and AI accelerates financial application development.

Peak XV Leads $135M Equity Round with $300M Debt Facility

Peak XV led the $135 million equity investment announced Thursday. Alpaca secured an additional debt financing facility of up to $300 million from Kraken parent company Payward and BMO. The January Series D round delivered $150 million at a post-money valuation of $1.15 billion, according to the company statement. Earlier investors include the venture capital arm of BNP Paribas. Alpaca co-founder and CEO Yoshi Yokokawa stated the capital will fund regulated infrastructure built for tokenization and AI-driven financial services.

Tokenized Stocks Market Cap Reaches Record $2.3 Billion

The global market capitalization of tokenized stocks hit a record $2.3 billion, data aggregator Token Terminal shared in a Wednesday X post. Crypto platforms are bringing traditional investment products onto blockchain rails, expanding asset access to investors outside the United States. Alpaca provides brokerage, clearing, and custody infrastructure for platforms integrating tokenized securities.

Binance Discloses Revenue-Sharing Partnership with Alpaca

Last month, Binance disclosed a revenue-sharing arrangement with Alpaca. Alpaca supplies brokerage, clearing, and custody infrastructure for Binance's stock trading product. The partnership enables Binance users to access traditional equity markets through Alpaca's regulated infrastructure.

FAQ

What did Alpaca announce on Thursday?
Alpaca announced it raised $135 million in equity funding led by Peak XV, plus up to $300 million in debt financing from Kraken parent Payward and BMO.

What is the current market cap of tokenized stocks?
Token Terminal reported in a Wednesday X post that the global market capitalization of tokenized stocks reached a record $2.3 billion.

What partnership did Binance disclose last month?
Binance disclosed a revenue-sharing arrangement with Alpaca, which provides brokerage, clearing, and custody infrastructure for Binance's stock trading product.