Alpaca, a crypto brokerage infrastructure firm, raised $135 million to enhance its platform connecting traditional U.S. stocks to blockchain settlement systems. The company currently handles about 94% of tokenized U.S. equities, holding over $1.5 billion in underlying shares for partners like Binance and Ondo. This funding highlights the ongoing need for regulated firms to hold actual shares and manage corporate actions despite tokenization. Alpaca's Instant Tokenization Network enables 24/7 minting and redemption of tokenized stocks, integrating stock exposure with crypto's continuous settlement capabilities. The tokenized equities market grew nearly 3,000% in 2025, attracting competition from major crypto firms like Coinbase and Kraken.
Several fintech and blockchain companies secured significant funding to boost growth and innovation. Alpaca raised $135M to enhance brokerage infrastructure, while Flex secured $70M targeting middle-market business finance. ADI Chain and Velocity rai...
Alpaca secured $135 million in equity funding led by Peak XV, bringing total financing to about $435 million including debt from Kraken's parent and BMO. The company supports over 10 million brokerage accounts across 40+ countries and holds $1.5 bill...
