Crypto brokerage firm Alpaca raises $135 million for tokenized stock infrastructure

Alpaca, a crypto brokerage specializing in tokenized stocks, has announced it raised $135 million in a funding round aimed at expanding its infrastructure. The company currently clears or custodies approximately 94% of tokenized U.S. equities, managing over $1.5 billion worth of underlying stocks for its partners. This funding will support further development of its platform, which facilitates trading and custody of tokenized securities.

The firm’s growth reflects increasing institutional and retail interest in tokenized assets, which offer the benefits of blockchain technology such as faster settlement times and increased transparency. Alpaca’s infrastructure plays a crucial role in enabling broader access to tokenized stocks, bridging traditional equities and blockchain technology.

The funding round underscores the ongoing investment in crypto infrastructure projects that aim to integrate traditional financial assets with blockchain-based trading. As tokenized securities gain traction, platforms like Alpaca are positioned to become key players in this emerging sector.

This development is likely to enhance liquidity and trading options for tokenized stocks, potentially attracting more institutional participants and expanding the market for digital securities. However, the overall impact depends on regulatory developments and market adoption of tokenized assets.