Alpaca Raises $135M to Build Infrastructure for Tokenized Stock Trading

Crypto brokerage firm Alpaca has secured $135 million in fresh funding to expand its tokenized stock infrastructure. The company plays a dominant role in the tokenized equities space, having at one point cleared or custodied approximately 94% of tokenized U.S. equities. Alpaca currently holds over $1.5 billion in underlying stocks on behalf of its partners. The raise underscores growing institutional interest in bridging traditional equity markets with blockchain-based tokenization technology.