Crypto Exchanges
By Sydney TheCMO
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What Alpaca Plans to Do With It. CEO Yoshi Yokokawa was pretty direct about the goal.
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Europe, India, and the Global Push. The new financing didn't come out of nowhere. Alpaca has been building out its international…
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The Tokenized Equities Problem Nobody's Solved Yet. Here's where it gets murky. Part of Alpaca's pitch involves on-chain markets — tokenized assets,…
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Alpaca just pulled in $435 million. The fintech brokerage infrastructure company closed a financing package split between $300 million in debt and $135 million in equity — a…
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The debt piece comes from Payward, which is Kraken's parent company, alongside Canadian bank BMO.
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CEO Yoshi Yokokawa was pretty direct about the goal. The money goes toward growing Alpaca's brokerage and API-first prime brokerage infrastructure.
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It's a big bet. Brokerage infrastructure isn't glamorous, but it's sticky. Once a fintech or neobank builds their product on your rails, they don't leave easily.
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And the timing matters. Alpaca closed a $150 million Series D back in January 2026, which valued the company at $1.15 billion.
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More context: Xryma Eyes Euronext Paris Debut With 110 Million Shares and No Capital Raise
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Beyond Europe, Alpaca acquired UK-based WealthKernel — an investment infrastructure provider that bolsters its capabilities in Britain.
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That's a lot of jurisdictions to manage simultaneously. Spain, UK, India, and the US. Probably not easy.
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Here's where it gets murky. Part of Alpaca's pitch involves on-chain markets — tokenized assets, basically. And that's a space with real traction right now.
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But the sector's also a mess. Just recently, Binance, Bybit, Bitget Wallet, and MEXC all canceled tokenized SpaceX IPO allocations.
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Related: Ostium Oracle Hack Drains OLP Vault of Up to $22 Million
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Linking a token to a real-world asset sounds simple. It's not. The SpaceX situation kind of laid that bare.
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