Alpaca, a company focused on AI and tokenized finance infrastructure, has closed a new $135 million financing round, according to BusinessWire. The round was led by Peak XV, with participation from Elefund, Opera Tech Ventures, the venture arm of BNP Paribas, and Unbound. With the new raise, Alpaca said its total funding to date has reached $435 million. The company plans to use the capital to speed up development of its AI-native brokerage infrastructure and its API-first prime brokerage business. Alpaca said those products are designed to help fintech firms, banks, brokerages, wealth management institutions, and crypto finance platforms build investment products across traditional and on-chain markets. The fresh capital will also support broader connectivity with global crypto exchanges, asset tokenization platforms, and financial institutions.
Alpaca, an AI and tokenized finance infrastructure company, has raised $135 million in a new funding round, according to BusinessWire.
Peak XV led the round. Elefund, Opera Tech Ventures, the venture capital arm of BNP Paribas, and Unbound also participated.
The company said its total funding now stands at $435 million.
Alpaca plans to use the new capital to accelerate development of its AI-native brokerage infrastructure and its API-first prime brokerage business. The company said the buildout is aimed at helping fintech companies, banks, brokerages, wealth management firms, and crypto finance platforms create investment products across traditional and on-chain markets, while connecting to more global crypto exchanges, asset tokenization platforms, and financial institutions.
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