Alpaca Expands Tokenized-Stock Network to 94% Custody Coverage with $1.5B in Assets

Key Facts

In a move reflecting the accelerating digitization of traditional assets, Alpaca has announced the expansion of its tokenized-stock network, reaching a reported 94% custody coverage. According to reports, the network now supports in-kind conversion for Ondo Stocks, allowing approved institutions to convert brokerage-held shares into tokenized assets without prior liquidation. Furthermore, the platform integrated shareholder-governance services through Broadridge to enhance compliance and voting rights for digital asset investors.

This expansion follows significant growth in managed assets, with Alpaca reporting more than $1.5 billion in underlying stocks currently held under custody within its infrastructure. The network aims to provide round-the-clock minting and redemption for U.S. equities and exchange-traded funds (ETFs). This development signals the platform's intent to drive institutional adoption of real-world assets (RWA) by providing seamless conversion and robust governance features.

From a macro perspective, traders are monitoring the impact of global monetary policy; recent economic calendar data showed the U.S. Fed raised interest rates to 4% on September 16, a factor that could influence the yield attractiveness of tokenized assets versus traditional instruments.