TechFlow reports, July 16, according to BusinessWire, Alpaca announced the completion of a $135 million funding round, led by Peak XV, with participation from Elefund. 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 construction of its agency brokerage infrastructure and API-centric prime brokerage business to support the development and expansion of investment products for traditional and on-chain markets.
Alpaca stated that as asset tokenization drives the reshaping of global market access, and artificial intelligence accelerates the formation of new financial applications and market participants, demand for compliant financial infrastructure is rising. The company disclosed that it has completed the acquisition of a licensed entity in India's GIFT City, established an operational presence in 30 countries in the European Economic Area, gained access to European stock trading, and is providing services to major cryptocurrency trading platforms, tokenization platforms, and financial institutions. Meanwhile, the underlying asset size of tokenized stocks in its assets under custody has exceeded $1.5 billion, and monthly active API users have grown nearly 4x in the past six months.
