Alpaca Raises $135M to Build AI-First Tokenized Finance Layer
BNP-backed Alpaca is going all-in on tokenized markets and AI-native finance, pulling $135M to bridge DeFi and TradFi.
Alpaca just dropped a $135 million fundraise, and if you're watching where smart money is flowing in fintech, this is your signal. The BNP-backed brokerage infrastructure provider isn't sitting still — it's pivoting hard into tokenized markets and AI-native financial services, betting that the next wave of financial infrastructure will live onchain.
What makes this raise interesting isn't just the dollar figure. It's the thesis behind it: both DeFi natives and traditional finance players are racing to build onchain businesses, and Alpaca wants to be the rails they all run on. Think of it as picks-and-shovels investing, but for the tokenization gold rush that TradFi heavyweights and crypto protocols are suddenly chasing at the same time.
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The "agent-first" framing is the real tell here. Alpaca isn't just tokenizing assets — it's building infrastructure designed for AI agents to operate financial services autonomously. That's a forward-looking bet that autonomous AI systems will become active participants in markets, not just analytical tools sitting on the sideline.
For retail traders and DeFi degens, this is worth watching. When BNP-connected money funds tokenized brokerage infrastructure at this scale, it signals institutional conviction that onchain finance isn't a niche experiment anymore. The convergence trade between TradFi and DeFi just got a $135 million vote of confidence — and Alpaca is positioning itself at the center of that collision.
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