Alpaca Custodian for 83.5% of Tokenized Stocks, Influencer

Alpaca has been named the custodian holding the underlying shares for 83.5% of tokenized stock market cap, according to a recent report from influencer @tokenterminal. This significant role includes partnerships with major entities like Binance and Coinbase, indicating growing trust in Alpaca’s capabilities. Such developments could enhance market participation and liquidity in the tokenized asset sector. The broader crypto market shows mixed signals, with many major assets fluctuating as traders assess the implications of Alpaca’s custodianship. With firms like Ondo, xStocks, and Robinhood also naming Alpaca as a custodian, the impact on market sentiment could be substantial.

Source: Coinfomania