The round strengthens the firm’s brokerage stack for institutions building investing products across multiple asset classes.
Alpaca, an American self-clearing broker-dealer, has raised US$135m in financing to scale its agent-first brokerage and application programming interface (API)-first prime brokerage infrastructure, supporting financial institutions building investing products across traditional and on-chain markets. It plans to use the capital will be used to expand infrastructure The round was led by India and Southeast Asia-focused venture capital firm Peak XV, with participation from Elefund, Operat