Alpaca Completes $135 Million Financing, Advancing Tokenized Markets and AI-Native Financial Services Infrastructure

According to BusinessWire, Alpaca announced the completion of $135 million in financing, led by Peak XV with participation from Elefund, and new and existing shareholders also include Opera Tech Ventures and Unbound under the BNP Paribas Group. The company stated that the new funds will be used to accelerate the development of its agent-oriented brokerage infrastructure and API-centric prime brokerage business to support the development and expansion of investment products for traditional and on-chain markets.