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Tokenization infrastructure firm Alpaca raises $150 million

Source
JH Kim
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Summary

  • Tokenized brokerage infrastructure firm Alpaca said it raised $150 million in a Series D round.
  • The funding values Alpaca at $1.15 billion, it said.
  • The round included investors such as Drive Capital, Citadel Securities and Kraken, it added.

According to The Block, a media outlet specializing in virtual assets (cryptocurrencies), tokenized brokerage infrastructure firm Alpaca said on the 14th (local time) that it raised $150 million in a Series D funding round.

The company was valued at $1.15 billion.

The round was led by Drive Capital, with participation from Citadel Securities, Opera Tech Ventures, DRW, Bank Muscat and Kraken, among others. Specific uses of the proceeds were not disclosed.

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JH Kim

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