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A single California broker-dealer holds over 85% of shares backing tokenized stocks, centralizing custody.

29 Oct 2026, 18:42 WIB
Crypto Briefing
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A single California broker-dealer holds over 85% of shares backing tokenized stocks, centralizing custody.

Alpaca, a California-based broker-dealer, now custodies approximately 85.8% to 94% of the underlying shares for the tokenized equity market, serving major clients like Binance, Robinhood, and Coinbase. This dominance makes Alpaca a critical infrastructure provider for tokenized stocks, handling real-time minting, redemption, and corporate actions. While this reassures traders that tokens are backed by real shares, it also poses a risk due to market concentration. The future depends on whether competitors can reduce Alpaca's share and how regulators respond to this centralization.

Alpaca's role in holding real shares behind tokenized stocks provides context for readers. For those following cryptocurrency markets, here is Pluang's snapshot as of Oct 29, 2026 22:22 WIB: out of 50 major cryptocurrencies, 34 rose and 14 fell. Notable price changes include SXP down 46.27% at Rp37, BAL up 11.14% at Rp16.297, and EOS up 8.13% at Rp12.649.

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