Alpaca has raised $135 million to expand the tokenised asset market and AI-based financial services, and secured up to $300 million in debt financing. Cointelegraph reported on July 16 that the funding round was led by Peak XV, while Kraken parent Payward and BMO participated in the debt financing.
Alpaca plans to use the funds to expand its agent-first brokerage and API-first prime brokerage infrastructure.
Yoshi Yokokawa (요시 요코카와), Alpaca's co-founder and CEO, said tokenisation is changing how people access global markets and AI is accelerating the expansion of new financial applications and market participants. He said demand is also rising for regulation-based infrastructure that matches those shifts.
Alpaca also raised $150 million in a Series D round in January. Its valuation at the time was estimated at $1.15 billion.
Chi-kyu Hwang
delight@d-today.co.kr