Overview

U.S.-headquartered self-clearing broker-dealer providing API and agent-first brokerage infrastructure for traditional and onchain assets. Powers fintechs, institutions, and tokenization platforms. CEO Yoshi Yokokawa.

Recent Developments

  • 2026-07-16: 435M total with debt from payward-services/kraken and BMO (2026-07-16-alpaca-135m-official-blog)
  • Claims >$1.5B AUC underlying stocks for tokenized equities; CoinDesk reports ~94% of tokenized U.S. equities cleared/custodied (company claim)
  • Jan 2026 Series D 1.15B valuation
  • Expanded: India GIFT City IFSCA presence; EEA passporting; European equities; Instant Tokenization Network

Post-money valuation for Jul 2026 round undisclosed. Market-share/AUC figures are company claims.

Sources