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 billion in assets under custody backing its tokenized equities. Alpaca participated in DTCC's first live tokenized asset trades in July 2026, signaling tokenized stocks are moving beyond pilots to real, regulated infrastructure. This development enables fintechs and institutions to offer real equity exposure on-chain with compliance and custody safeguards, though risks like market volatility, regulatory nuances, and liquidity remain. Alpaca's raise strengthens its capacity to handle corporate actions and scale operations, making tokenized stocks a practical option for programmable, global equity access.
