Alpaca raises $135M to fund tokenized agent-first infrastructure

The BNP-backed brokerage infrastructure provider is expanding into tokenized markets and AI-native financial services as both DeFi and TradFi companies pursue onchain business.

Brokerage infrastructure provider Alpaca said Thursday that it raised $135 million in a funding round led by Peak XV, along with as much as $300 million in debt financing from Kraken parent Payward and BMO.

A January Series D round pulled in $150 million that brought the fintech’s value to $1.15 billion, according to the statement. Earlier investors include the venture capital arm of BNP Paribas.

Alpaca said it will use the new financing to accelerate its agent-first brokerage and API-first prime brokerage infrastructure.

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