Alpaca raises $135M led by Peak XV to expand brokerage rails for tokenized assets and AI agents

Alpaca raised $135 million led by Peak XV, with Elefund, BNP Paribas’ Opera Tech Ventures and Unbound joining the round. Debt financing primarily from Kraken parent Payward and BMO takes the new package to $435 million. Alpaca will spend it on brokerage rails connecting traditional and onchain markets after surpassing $1.5 billion in assets under custody for stocks backing tokenized equities and growing monthly active API users nearly 4x in six months.

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