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

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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 have moved further into onchain assets. Alpaca did not disclose a new valuation in its announcement. CoinDesk has reached out to Alpaca for comments

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Crypto brokerage platform Alpaca has successfully raised $135 million to build tokenized stock infrastructure. This investment accelerates the convergence of traditional financial assets and blockchain technology, drawing significant market attention. Investors should closely monitor how tokenized stock trading improves the efficiency and accessibility of financial markets.

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