NEW YORK--(BUSINESS WIRE)--Alpaca, a global leader in agent-first brokerage infrastructure, today announced a $135 million raise led by Peak XV, with major participation from Elefund. Additional new and returning investors included Opera Tech Ventures, the venture capital arm of BNP Paribas Group, and Unbound. The new financing totals $435 million, inclusive of debt financing primarily from Payward, the parent company of global digital asset platform Kraken, and BMO.
The financing builds on significant business growth as tokenization and AI reshape the industry, following Alpaca’s $150 million Series D announced in January 2026, which valued the company at $1.15 billion:
- Acquired an IFSCA-regulated broker-dealer and payment service provider in GIFT City, establishing Alpaca’s regulated presence in India.
- Acquired UK and European regulated entities and completed passporting in all 30 EEA countries.
- Launched global equities access starting with European equities trading.
- Onboarded major global crypto exchanges, leading tokenization platforms, and financial institutions.
- Doubled revenue year over year for three consecutive years.
- Surpassed $1.5 billion in AUC for the underlying stocks backing tokenized equities.
- Monthly active API users grew nearly 4x during the last six months as Alpaca expanded agentic AI capabilities.
The announcement comes as two major shifts reshape global finance: financial assets are moving onchain through tokenization, while AI is accelerating the creation of new financial applications and market participants. Together, these trends are creating growing demand for modern, regulated infrastructure that can bridge traditional and onchain markets and support the next generation of AI-native financial services.
“Alpaca is uniquely positioned to become the default infrastructure layer for tokenized global capital markets and AI-native financial services,” said Yoshi Yokokawa, Co-Founder and CEO of Alpaca. “The support from our investors reflects confidence in Alpaca’s execution and the market opportunity ahead. As tokenization reshapes access to global markets and AI accelerates the creation of new financial applications and market participants, demand is growing for regulated infrastructure built for this paradigm shift.”
Alpaca will use the new financing to accelerate its agent-first brokerage and API-first prime brokerage infrastructure, enabling financial companies and institutional clients to build and scale investing products across traditional and onchain markets. Today, Alpaca powers fintechs, banks, broker-dealers, wealth managers, algorithmic trading firms, active traders, and crypto-native financial platforms globally. Peak XV’s investment reflects conviction in Alpaca’s role as foundational infrastructure for the next generation of financial services.
"Alpaca has built the modern infrastructure stack for global investing,” said Aakash Kapoor, Principal, Peak XV Partners. “Financial markets are becoming more connected and programmable every day, and that's a humongous opportunity in our view. Alpaca powers large financial institutions across the globe, and is now enabling entirely new categories like tokenization, agentic trading and on-chain infrastructure, through a single API. We're proud to lead this round as they continue to expand globally."
The financing marks a new milestone in Alpaca’s growth as it scales the regulated infrastructure connecting global markets, tokenized assets, and the next generation of financial applications.
About Alpaca
Alpaca is a US-headquartered, self-clearing broker-dealer providing global agent-first brokerage infrastructure that powers access to traditional and on-chain asset classes. Today, Alpaca supports over 10 million brokerage accounts across hundreds of fintechs and institutions in more than 40 countries, backed by $400 million in funding. For more information, visit alpaca.markets.
AlpacaDB, Inc., the parent company of Alpaca Securities LLC and Alpaca Crypto LLC, provides services and technology, including the brokerage infrastructure API supporting Alpaca’s financial services.
Securities brokerage services are provided by Alpaca Securities LLC, member FINRA/SIPC and cryptocurrency services are provided by Alpaca Crypto LLC, a FinCEN-registered MSB (NMLS #2160858)
Alpaca's Instant Tokenization Network is owned and developed by AlpacaDB, Inc. and Alpaca Crypto LLC. Neither entity is the issuer of, or involved in, the tokenization of any assets.
WealthKernel Spain, A.V., S.L.U. is authorised and registered with the CNMV (No. 328).
Alpaca Europe is a trading name of WealthKernel Limited, which is authorised and regulated by the Financial Conduct Authority under reference number 723719.
This is not an offer, solicitation of an offer, or advice to buy or sell securities or cryptocurrencies or open a brokerage account or cryptocurrency account in any jurisdiction where Alpaca respectively, is not registered or licensed, as applicable.
All investments involve risk; for more information, please see our Disclosure Library.
Contacts
Media Contact
Lavinia Chirico
press@alpaca.markets