CoinDesk·3 min read·medium
Crypto brokerage firm Alpaca raises $135 million for tokenized stock infrastructure
F
Francisco Rodrigues
✦AI Summary
Crypto brokerage firm Alpaca has raised $135 million in equity funding to support its tokenized stock infrastructure. The company facilitates the trading of tokenized U.S. equities, bridging traditional financial markets with blockchain-based settlement systems.
Peak XV led Alpaca’s equity round, with participation from Elefund, BNP Paribas’ Opera Tech Ventures and Unbound, according to an announcement on Thursday. The raise follows a $150 million Series D in January that valued the company at $1.15 billion.
businesscryptotechnology
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