Alpaca Raises $135 Million to Fuel AI and Tokenization Infrastructure for Global Finance

Alpaca, a company building AI-driven infrastructure for tokenized finance, has closed a significant $135 million funding round. The investment was led by venture firm Peak XV, with participation from Elefund, BNP Paribas’ Opera Tech Ventures, Unbound, and others. This latest infusion brings Alpaca’s total capital raised to $435 million, marking a major milestone for the infrastructure provider.

Strategic Focus: Building the Connective Tissue for Modern Markets

The new capital is earmarked for accelerating two pivotal areas of development:

  • AI-Native Brokerage Infrastructure: Enhancing the core brokerage engine with deeply integrated artificial intelligence to automate operations, manage risk, and personalize services.
  • API-First Prime Brokerage Services: Delivering modular, API-driven prime brokerage solutions that allow partners to integrate critical back-end services seamlessly.

The overarching goal is to create a robust platform that acts as a bridge between disparate financial ecosystems.

Powering the Ecosystem: A Broad Range of Institutional Clients

Alpaca’s technology is designed as a B2B enablement layer, serving a diverse set of financial institutions:

  • Fintechs and Neobanks: Enabling them to launch sophisticated investment products rapidly without building complex infrastructure from scratch.
  • Traditional Brokers and Wealth Managers: Providing a streamlined path to offer digital assets like cryptocurrencies alongside traditional securities.
  • Crypto Trading and Finance Platforms: Granting access to regulated traditional market venues and institutional-grade custody services.

Through Alpaca’s platform, these entities can offer blended portfolios containing stocks, bonds, cryptocurrencies, and tokenized real-world assets, meeting growing investor demand for unified asset access.

The Bigger Picture: Timing and Market Traction

This funding round arrives as institutional interest in asset tokenization and AI-powered efficiency reaches new heights. Regulatory clarity in many jurisdictions is also evolving, creating a favorable environment for infrastructure that connects legacy systems with blockchain-based networks. Alpaca is positioning itself as a critical plumbing layer for this convergence, handling not just execution and custody, but also leveraging AI for smarter portfolio management and blockchain for enhanced liquidity.

Backed by strong investor confidence, Alpaca is poised to scale its technology and partnerships, aiming to become a default infrastructure choice for firms navigating the merging worlds of traditional and decentralized finance. The race to build the backbone of future finance is well underway.