Additional new and returning investors included Opera Tech Ventures, the venture capital arm of BNP Paribas Group, and Unbound. The new financing totals $435 million, inclusive of debt financing primarily from Payward, the parent company of global digital asset platform Kraken, and BMO.

Alpaca is a self-clearing broker-dealer providing global agent-first brokerage infrastructure that powers access to traditional and on-chain asset classes. Today, Alpaca supports over 10 million brokerage accounts across hundreds of fintechs and institutions in more than 40 countries, backed by $400 million in funding.