Crypto brokerage firm Alpaca raises $135 million for tokenized stock infrastructure
16 Articles
16 Articles
US Brokerage Platform Alpaca Secures US$435 Million, Including Debt from Kraken Parent and BMO
Alpaca has secured US$435 million in a new financing package, which includes US$300 million in debt financing from Payward, the parent company of major cryptocurrency exchange Kraken, and Canadian bank BMO. The remaining US$135 million consists of equity in a funding round led by Peak XV with significant participation from Elefund. Other new and returning investors in this round include Unbound and Opera Tech Ventures, the venture capital arm of…
Alpaca raises $435m as fintech eyes institutional trading and prime brokerage expansion
Brokerage infrastructure provider Alpaca has secured $435m in new funding as it accelerates plans to expand into institutional markets, including hedge funds, market makers and potentially prime brokerage services, according to a report by Bloomberg. The fintech announced it has raised $135m in equity financing alongside $300m in debt, providing fresh capital to support growth in artificial intelligence-powered trading infrastructure, tokenisati…
Key points of the news: Alpaca raised $135 million in equity led by Peak XV to expand tokenized equity infrastructure and brokerage onchain. Payward and BMO’s debt financing could raise the total package to $435 million, following a $150 million D Series. Alpaca claims to have liquidated or guarded about 94% of Tokenized US equity and keep more than $1.5 billion in underlying shares through its infrastructure. Alpaca raised $135 million to expan…
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