Crypto brokerage firm Alpaca raises $135 million for tokenized stock infrastructure
The company at one pointed cleared or custodied roughly 94% of tokenized U.S. equities, now holding over $1.5 billion in underlying stocks for its partners.
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Summary
- Alpaca raised $135 million to expand infrastructure for tokenized stocks, connecting traditional U.S. equities to blockchain settlement rails.
- The company at one pointed cleared or custodied roughly 94% of tokenized U.S. equities, now holding over $1.5 billion in underlying stocks for its partners.
- Despite tokenization, regulated firms must still hold underlying shares and process corporate actions, a key constraint in the market.
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CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Why it matters:
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
