Crypto brokerage firm Alpaca raises $135 million for tokenized stock infrastructure
Analysis
Price Impact
MedThe news of alpaca raising $135 million for tokenized stock infrastructure is positive for the broader crypto ecosystem, particularly for projects focused on tokenization and bridging traditional finance with blockchain. while not directly impacting major cryptocurrencies like btc or eth, it signals increasing institutional interest and development in making traditional assets more accessible via blockchain, which could lead to increased adoption and liquidity for crypto assets in the long run. it could also boost specific tokens involved in tokenization platforms.
Trustworthiness
HighPrice Direction
NeutralThis news is more focused on the infrastructure and development of tokenized assets rather than a direct catalyst for major cryptocurrency price movements. while positive for the tokenization sector, it doesn't present an immediate buying or selling pressure on established cryptocurrencies.
Time Effect
LongThe impact of this funding round on the crypto market is likely to be long-term. the development of tokenized stock infrastructure can gradually increase the integration of traditional finance with crypto, potentially leading to greater adoption and new use cases for blockchain technology over time.
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Finance Crypto brokerage firm Alpaca raises $135 million for tokenized stock infrastructure The company at one pointed cleared or custodied roughly 94% of tokenized U.S. equities, now holding over $1.5 billion in underlying stocks for its partners. By Francisco Rodrigues | Edited by Jamie Crawley Jul 16, 2026, 2:19 p.m. 1 min read Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Make preferred on Summary Show Alpaca raised $135 million to expand infrastructure for tokenized stocks, connecting traditional U.S. equities to blockchain settlement rails. The company at one pointed cleared or custodied roughly 94% of tokenized U.S. equities, now holding over $1.5 billion in underlying stocks for its partners. Despite tokenization, regulated firms must still hold underlying shares and process corporate actions, a key constraint in the market. Crypto brokerage infrastructure firm Alpaca raised $135 million to expand the rails used by exchanges and tokenization platforms to offer U.S. stocks onchain. Peak XV led Alpaca’s equity round, with participation from Elefund, BNP Paribas’ Opera Tech Ventures and Unbound, according to an announcement on Thursday. The raise follows a $150 million Series D in January that valued the company at $1.15 billion. Debt financing, primarily from Kraken parent Payward and BMO, brought the total package to $435 million. Alpaca clears or custodies roughly 94% of tokenized U.S. equities , including products connected to market leaders Binance, Ondo and Dinari. The company said it has more than $1.5 billion of underlying stocks backing tokenized equities held through its infrastructure. The funding underscores a central constraint facing tokenized equities where putting a stock onchain does not remove the need for a regulated firm to hold the underlying shares, process corporate actions and connect blockchain transactions to traditional markets. Its Instant Tokenization Network allows market participants to mint and redeem tokenized stocks against underlying shares around the clock. The products often pair blockchain-based stock exposure with stablecoin funding or redemption, connecting equities to crypto’s 24/7 settlement rails. Tokenized equities grew nearly 3,000% in 2025 , reaching roughly $963 million in market value by January. Competition has since expanded as Coinbase, Kraken and other crypto firms move further into onchain stocks. Alpaca did not disclose a new valuation in its announcement. CoinDesk has reached out to Alpaca for comments Fundraising Funding Rounds Tokenization Latest Crypto News 1 Ledger wants AI agents to manage crypto without holding your keys 1 hour ago 2 Galaxy targets institutional stablecoin yield with new DeFi vaults 2 hours ago 3 The most popular bitcoin call option has slipped by $10,000 2 hours ago 4 Inside the high-stakes race to build an open financial system specifically for AI bots 2 hours ago 5 Bitcoin pulls back to $64,000 after hitting monthly high as bears take control 3 hours ago 6 Tether invests $20 million in Argentine neobank Ualá as it expands Latin America push 4 hours ago 7 U.S. adds four Iran central bank crypto wallets to sanctions, Tether freezes $131 million of contents 4 hours ago 8 Live updates: Bitcoin holding $64,000 as AI momentum stocks continue to tumble 7 hours ago 9 U.S. Senate unanimously opposes clemency for FTX founder Sam Bankman-Fried 8 hours ago 10 A bitcoin wallet dormant since the 2017 peak just moved $383 million 9 hours ago Latest Research Gate Leads Spot Market Share Gains as CEX Volumes Rise for First Time in Five Months Gate Leads Spot Market Share Gains as CEX Volumes Rise for First Time in Five Months CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B. By CoinDesk Research Jul 13, 2026 CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B. Why it matters : CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B. View Full Report More From Finance Inside the high-stakes race to build an open financial system specifically for AI bots Tether invests $20 million in Argentine neobank Ualá as it expands Latin America push U.S. adds four Iran central bank crypto wallets to sanctions, Tether freezes $131 million of contents