Alpaca prepares to enter prime brokerage for hedge funds
Photo: Crypto Briefing
The San Mateo brokerage infrastructure startup is gearing up to offer trade financing to institutional clients as crypto platforms push into stocks Alpaca, the API-first brokerage startup out of San Mateo, is preparing to offer trade financing services to hedge funds. That puts it on a path into prime brokerage, a business long run by large banks. The plan centers on adding financing, margin, and securities lending to its existing infrastructure, all aimed at institutional clients.
Source: Crypto Briefing
