Alpaca Raises $150 Million to Expand Tokenized U.S. Stocks Worldwide
Alpaca's $150 Million Funding Round and Market Position
Overview of Funding Announcement
Alpaca announced a $150 million funding round, valuing the company at $1.15 billion.
The funding will enable Alpaca to accelerate its global service expansion.
As of January 12th, Alpaca holds a 94% market share in tokenized US stocks and ETFs, with $670 million in assets under custody.
Insights from Tony Lee
Tony Lee, Global Head of Brokerage for Alpaca, discusses the significance of their recent funding round.
The Series D equity financing was led by Drive Capital; co-founder Chris Olsson joins the board as a thought leader.
This funding also secures additional lines of credit to strengthen Alpaca's balance sheet.
Market Share and Tokenization
Alpaca currently collateralizes 94% of all tokenized securities in the marketplace.
Rapid adoption is noted despite tokenization being a small percentage of the overall US equity market cap.
Global Expansion Strategy
Alpaca aims to provide scalable technology that bridges traditional financial products with on-chain solutions.
The goal is to create an infrastructure layer connecting diverse financial products globally across asset classes.
Future Outlook for 2026
Tony Lee anticipates significant regulatory developments impacting the industry by 2026.
A well-thought-out regulatory framework is essential for companies like Alpaca to thrive and innovate.
Video description
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In a notable milestone for the fintech sector, Alpaca Markets recently announced a $150 million funding round, lifting its valuation to $1.15 billion. The developer-first API platform, which provides brokerage infrastructure, plans to use the new capital to accelerate the expansion of its global services. Alpaca currently commands an estimated 94% market share in tokenized U.S. stocks and ETFs and reported $670 million in tokenized assets under custody as of January 12th, reinforcing its position as a dominant force in the space.
Discussing the announcement was Tony Lee, global head of brokerage at Alpaca, who spoke during an interview with Remy Blaire. Lee detailed Alpaca’s rise to unicorn status and the significance of its Series D raise. The round was led by Drive Capital, whose co-founder Chris Olsen has joined Alpaca’s board, bringing additional strategic direction as the company operates at the intersection of traditional finance and cryptocurrency.
As Alpaca continues to scale, Lee highlighted partnerships with major enterprise clients including Kraken, SBI Securities, and Dime Financial. Tokenization remains central to Alpaca’s growth strategy as the company prepares for broader adoption in the years ahead. Holding the majority share of the tokenized equities market, Alpaca’s expansion reflects a broader shift in how investors are accessing and trading assets through crypto-enabled platforms.
Lee described Alpaca as an infrastructure-first business, built to offer a scalable, modern technology stack that connects traditional financial products with blockchain-based, on-chain systems. The goal is to support a multi-asset platform capable of linking financial products across borders, allowing users to transact seamlessly across asset classes and jurisdictions.
Maintaining regulatory compliance while strengthening market integrity is also a key priority, according to Lee, especially as more participants enter the digital asset ecosystem. The rapid adoption of tokenization and cryptocurrency signals a broader trend of investors committing real capital to these products, underscoring growing confidence in the long-term potential of financial technology.
Looking ahead to 2026, Lee pointed to anticipated regulatory developments that could meaningfully shape the crypto landscape. With new legislation and frameworks under discussion on Capitol Hill, he emphasized the need for thoughtful, constructive regulation. Such measures, he said, would help establish a stronger foundation for Alpaca and other firms working to expand and democratize access to financial services.
Alpaca’s latest funding round represents more than a valuation milestone. It highlights the increasing role of blockchain technology in building a more inclusive financial system. As the company continues to lead in tokenization and brokerage infrastructure, Alpaca stands as a clear example of how fintech innovation is reshaping global finance, making it easier for individuals around the world to access and participate in modern financial markets.
