Alpaca closed a $150 million Series D round, pushing
the brokerage infrastructure provider to a $1.15 billion valuation. Drive Capital led the deal, and Co‑Founder and Partner
Chris Olsen will reportedly take a seat on Alpaca’s board.
The company also arranged a $40
million line of credit to bolster its balance sheet as it scales. The firm operates as a brokerage infrastructure
provider, offering APIs and self‑clearing custody that support stocks, ETFs,
options, crypto and fixed income products.
Funding Round Draws Top Fintech Investors
Alpaca says it now works with more than 300
organizations in over 40 countries and supports millions of brokerage accounts
at financial institutions and fintechs.
"This new capital will be used to continue supporting our partners and traders by strengthening Alpaca’s global investment infrastructure, expanding and enhancing our existing offerings, securing regulatory licenses in key jurisdictions, and continuing to bridge traditional and decentralized financial systems," said, Yoshi Yokokawa, the Co-Founder and CEO at Alpaca.
Related: Alpaca Announces Nasdaq Exchange Membership in Push for Complete Brokerage Infrastructure
The round brought in a wide mix of new institutional
and strategic investors. Participants include Citadel Securities, Opera Tech
Ventures of BNP Paribas, MUFG Innovation Partners, Flat Capital, DRW Venture
Capital, Kraken, Altered Capital, X&KSK, Bank Muscat and Endeavor Catalyst.
Alpaca described the funding as “very oversubscribed,”
signalling strong demand for exposure to its infrastructure‑driven model.
It reported that its technology powered 94% of all
tokenized U.S. equities and ETFs referenced in its tokenization
Tokenization
Tokenization represents the process of substituting a sensitive data element with a non-sensitive equivalent, i.e. token, which bears no extrinsic or exploitable meaning or value. In essence, the rights to the ownership of an asset are converted into a digital token. Tokenization can be used to own an entire unit of an asset. For example, one token that represents the ownership of a piece of real estate or to split ownership of a single unity of an asset such as 200,000 tokens, each one represen
Tokenization represents the process of substituting a sensitive data element with a non-sensitive equivalent, i.e. token, which bears no extrinsic or exploitable meaning or value. In essence, the rights to the ownership of an asset are converted into a digital token. Tokenization can be used to own an entire unit of an asset. For example, one token that represents the ownership of a piece of real estate or to split ownership of a single unity of an asset such as 200,000 tokens, each one represen
Read this Term report,
underlining its role in connecting fiat markets with on‑chain rails. The firm
reports that this momentum helped more than double its revenue year over year.
In 2025, the company rolled out multi‑leg options,
fully paid securities lending, fixed income products and 24/5 U.S. stock trading.
Tokenization, New Products and Revenue Growth
It also launched a High‑Yield Cash product via an
interest‑bearing sweep program and launched its Instant Tokenization Network with partners including xStocks, Dinari, Ondo Finance and
The Solana Foundation.
More recently, Alpaca announced plans to acquire Zincmoney IFSC, a broker-dealer licensed by India’s International Financial
Services Centres Authority and based in the Gujarat International Finance
Tec-City (GIFT City).
Alpaca plans to deploy the proceeds to strengthen its
global investment infrastructure and deepen support for financial institutions
and institutional trading clients.
The company also aims to invest in bridging traditional
and decentralized financial systems, including tokenization initiatives, while
reinforcing cybersecurity
Cybersecurity
Cybersecurity is a blanket term that refers to the protection of computer systems and networks from the theft.More broadly speaking, cybersecurity can also represent countermeasures against damage to hardware, software, or electronic data, as well as from the disruption or misdirection of the services they provide.It was not long ago that the term cybersecurity not exist as it was first used in 1989. In today’s vernacular cybersecurity, refers to measures taken to protect a computer or computer
Cybersecurity is a blanket term that refers to the protection of computer systems and networks from the theft.More broadly speaking, cybersecurity can also represent countermeasures against damage to hardware, software, or electronic data, as well as from the disruption or misdirection of the services they provide.It was not long ago that the term cybersecurity not exist as it was first used in 1989. In today’s vernacular cybersecurity, refers to measures taken to protect a computer or computer
Read this Term and platform resilience.
Alpaca closed a $150 million Series D round, pushing
the brokerage infrastructure provider to a $1.15 billion valuation. Drive Capital led the deal, and Co‑Founder and Partner
Chris Olsen will reportedly take a seat on Alpaca’s board.
The company also arranged a $40
million line of credit to bolster its balance sheet as it scales. The firm operates as a brokerage infrastructure
provider, offering APIs and self‑clearing custody that support stocks, ETFs,
options, crypto and fixed income products.
Funding Round Draws Top Fintech Investors
Alpaca says it now works with more than 300
organizations in over 40 countries and supports millions of brokerage accounts
at financial institutions and fintechs.
"This new capital will be used to continue supporting our partners and traders by strengthening Alpaca’s global investment infrastructure, expanding and enhancing our existing offerings, securing regulatory licenses in key jurisdictions, and continuing to bridge traditional and decentralized financial systems," said, Yoshi Yokokawa, the Co-Founder and CEO at Alpaca.
Related: Alpaca Announces Nasdaq Exchange Membership in Push for Complete Brokerage Infrastructure
The round brought in a wide mix of new institutional
and strategic investors. Participants include Citadel Securities, Opera Tech
Ventures of BNP Paribas, MUFG Innovation Partners, Flat Capital, DRW Venture
Capital, Kraken, Altered Capital, X&KSK, Bank Muscat and Endeavor Catalyst.
Alpaca described the funding as “very oversubscribed,”
signalling strong demand for exposure to its infrastructure‑driven model.
It reported that its technology powered 94% of all
tokenized U.S. equities and ETFs referenced in its tokenization
Tokenization
Tokenization represents the process of substituting a sensitive data element with a non-sensitive equivalent, i.e. token, which bears no extrinsic or exploitable meaning or value. In essence, the rights to the ownership of an asset are converted into a digital token. Tokenization can be used to own an entire unit of an asset. For example, one token that represents the ownership of a piece of real estate or to split ownership of a single unity of an asset such as 200,000 tokens, each one represen
Tokenization represents the process of substituting a sensitive data element with a non-sensitive equivalent, i.e. token, which bears no extrinsic or exploitable meaning or value. In essence, the rights to the ownership of an asset are converted into a digital token. Tokenization can be used to own an entire unit of an asset. For example, one token that represents the ownership of a piece of real estate or to split ownership of a single unity of an asset such as 200,000 tokens, each one represen
Read this Term report,
underlining its role in connecting fiat markets with on‑chain rails. The firm
reports that this momentum helped more than double its revenue year over year.
In 2025, the company rolled out multi‑leg options,
fully paid securities lending, fixed income products and 24/5 U.S. stock trading.
Tokenization, New Products and Revenue Growth
It also launched a High‑Yield Cash product via an
interest‑bearing sweep program and launched its Instant Tokenization Network with partners including xStocks, Dinari, Ondo Finance and
The Solana Foundation.
More recently, Alpaca announced plans to acquire Zincmoney IFSC, a broker-dealer licensed by India’s International Financial
Services Centres Authority and based in the Gujarat International Finance
Tec-City (GIFT City).
Alpaca plans to deploy the proceeds to strengthen its
global investment infrastructure and deepen support for financial institutions
and institutional trading clients.
The company also aims to invest in bridging traditional
and decentralized financial systems, including tokenization initiatives, while
reinforcing cybersecurity
Cybersecurity
Cybersecurity is a blanket term that refers to the protection of computer systems and networks from the theft.More broadly speaking, cybersecurity can also represent countermeasures against damage to hardware, software, or electronic data, as well as from the disruption or misdirection of the services they provide.It was not long ago that the term cybersecurity not exist as it was first used in 1989. In today’s vernacular cybersecurity, refers to measures taken to protect a computer or computer
Cybersecurity is a blanket term that refers to the protection of computer systems and networks from the theft.More broadly speaking, cybersecurity can also represent countermeasures against damage to hardware, software, or electronic data, as well as from the disruption or misdirection of the services they provide.It was not long ago that the term cybersecurity not exist as it was first used in 1989. In today’s vernacular cybersecurity, refers to measures taken to protect a computer or computer
Read this Term and platform resilience.
