Alpaca Raises $135 Million to Expand Tokenized Stock Infrastructure

Odaily News Crypto brokerage firm Alpaca has announced the completion of a $135 million funding round to expand its tokenized stock infrastructure, connecting traditional U.S. equities to blockchain settlement rails. Alpaca has cleared or custodied approximately 94% of all tokenized U.S. stocks and currently holds over $1.5 billion in underlying stocks on behalf of its partners. Although stocks are tokenized, regulated companies are still required to hold the underlying equities and handle corporate actions, which remains a key constraint in this market.