Alpaca said it raisde $135 million from investors including Kraken parent Payward as the trading infrastructure provider looks to expand its offerings in tokenized assets.

Alpaca raised $435M in equity and debt to expand into prime brokerage as AI agent-driven API trading volume surged 4x in Q1 2026.

Alpaca Raises $135 Million to Scale Agent-First Brokerage Infrastructure for Tokenized Markets and AI-Native Financial Services