Financial and Business News

US Broker-Dealer Alpaca Raises $150 Million, Valued at $1.15 Billion

Wednesday, 14/01/2026 | 14:11 GMT by Jared Kirui
  • Alongside the equity round, Alpaca secured a $40 million credit line to strengthen its balance sheet.
  • Last year, the firm launched several new offerings, including fixed income products, 24/5 trading, and a High-Yield Cash program.
Alpaca

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 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 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 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 and platform resilience.

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Alpaca
About the Author: Jared Kirui
Jared Kirui
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Jared is an experienced financial journalist passionate about all things forex and CFDs.

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