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

Key Facts

1Alpaca announced the expansion of its tokenized-stock network, reaching 94% custody coverage.

2The network supports in-kind conversion for Ondo Stocks and shareholder-governance services through Broadridge.

3Alpaca reported more than $1.5 billion in underlying stocks under custody.

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.

Looking ahead, while specific instrument prices were unavailable at the close of September 23, 2026, market attention remains on the stability of custody infrastructure. 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.