Tokenized stocks’ main custodian Alpaca raises $135m equity, takes on $300m debt
US broker Alpaca, described as the main custodian for tokenized stocks, announced a $135 million venture funding round led by Peak XV, with participation from Elefund, Opera Tech Ventures (the venture capital arm of BNP Paribas Group), and Unbound. The company also takes on $300 million in debt. Alpaca operates as an API broker, enabling fintechs to piggyback off its infrastructure for trading.
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