Alpaca closes a $150 million Sequence D spherical, growing the securities infrastructure supplier’s valuation to $1.15 billion. Drive Capital led the transaction, with co-founder and accomplice Chris Olsen becoming a member of Alpaca’s board of administrators.
The corporate additionally took out a $40 million mortgage facility to strengthen its steadiness sheet as the corporate expands. The corporate operates as a securities infrastructure supplier, providing APIs and self-clearing custody to assist shares, ETFs, choices, cryptocurrencies, and glued earnings merchandise.
Alpaca says it at the moment works with greater than 300 organizations in additional than 40 international locations and helps tens of millions of brokerage accounts throughout monetary establishments and fintechs.
“This new capital might be used to proceed supporting our companions and merchants by strengthening Alpaca’s international funding infrastructure, increasing and enhancing our current companies, securing regulatory licenses in key jurisdictions, and persevering with to bridge conventional decentralized monetary techniques,” stated Yoshi Yokokawa, Alpaca co-founder and CEO.
This spherical noticed participation from a variety of latest institutional and strategic traders. Contributors embody Citadel Securities, BNP Paribas’ Opera Tech Ventures, MUFG Innovation Companions, Flat Capital, DRW Enterprise Capital, Kraken, Altered Capital, X&KSK, Financial institution Muscat, and Endeavor Catalyst.
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Current backers together with Portage, Horizons Ventures, Social Leverage, Unbound, Diagram and Derayah Monetary reportedly returned to the cap desk, together with angel investor Vlad Yatsenko, who’s Revolut’s CTO.
Alpaca described the funding as “very well-subscribed,” indicating sturdy demand for publicity to the corporate’s infrastructure-driven mannequin.
Alpaca stated its expertise powered 94% of all tokenized US shares and ETFs referenced in its tokenization report, highlighting its function in connecting fiat markets with on-chain rails. The corporate stories that this momentum has greater than doubled its gross sales year-over-year.
In 2025, the corporate rolled out multi-leg choices, absolutely paid securities lending, mounted earnings merchandise, and 24/7 U.S. inventory buying and selling.
Tokenization, new merchandise, and elevated income
The corporate additionally launched a high-yield money product by way of an interest-bearing sweep program and introduced an instantaneous tokenization community at TOKEN2049 Singapore with companions similar to xStocks, Dinari, Ondo Finance and The Solana Basis.
By way of market construction, Alpaca expanded its regulatory and clearing footprint by securing membership within the OCC and FICC and changing into a member of the Nasdaq Change. The corporate has additionally launched embeddable Shariah-compliant funding instruments throughout financial savings accounts, choices, and instantaneous funding.
Alpaca will use the proceeds to strengthen its international funding infrastructure and higher assist its monetary and institutional buying and selling shoppers.
The corporate can even put money into bridging conventional decentralized monetary techniques, similar to tokenization efforts, whereas strengthening cybersecurity and platform resiliency.
