Alpaca Secures $135M to Expand Tokenized Markets Infrastructure — AlpacaDB, Inc.

Event summary

Alpaca raises $135M led by Peak XV, bringing total funding to $435M including debt.
Company expands regulated presence in India (IFSCA), UK, and Europe with passporting across 30 EEA countries.
Revenue doubled YoY for three consecutive years; monthly active API users grew nearly 4x in six months.
$1.5B in AUC for tokenized equities backing underlying stocks.
Onboarded major crypto exchanges, tokenization platforms, and financial institutions.

The big picture

Alpaca’s funding comes as financial assets move onchain through tokenization, while AI accelerates the creation of new financial applications. The company is positioning itself as foundational infrastructure for bridging traditional and onchain markets, with $1.5B in AUC for tokenized equities and rapid API user growth. Its ability to scale regulated access across global markets will be critical in determining its long-term dominance.

What we're watching

Regulatory Expansion: Whether Alpaca can sustain its rapid global regulatory expansion amid evolving tokenization rules.
AI Integration: How the company’s agentic AI capabilities will scale to support new financial applications and market participants.
Market Adoption: The pace at which institutional clients adopt Alpaca’s infrastructure for tokenized and onchain markets.