Brokerage infrastructure provider Alpaca said Thursday that it raised $135 million in a funding round led by Peak XV, along with as much as $300 million in debt financing from Kraken parent Payward and BMO.A January Series D round pulled in $150 million that brought the fintech’s value to $1.15 billion, according to the statement. Earlier investors include the venture capital arm of BNP Paribas.Alpaca said it will use the new financing to accelerate its agent-first brokerage and API-first prime brokerage infrastructure. “As tokenization reshapes access to global markets and AI accelerates the creation of new financial applications and market participants, demand is growing for regulated infrastructure built for this paradigm shift,” said Yoshi Yokokawa, co-founder and CEO of Alpaca.The global market capitalization of tokenized stocks is at a record $2.3 billion, data aggregator Token Terminal shared in a Wednesday X post. More crypto platforms are bringing traditional investment products onto blockchain rails, in many cases opening up assets to investors outside of the United States. Last month, Binance disclosed a revenue-sharing arrangement with Alpaca, which provides brokerage, clearing and custody infrastructure for Binance’s stock trading product.Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.