Svmuu News: Crypto brokerage firm Alpaca announced the completion of a $135 million funding round to expand its tokenized equity infrastructure, connecting traditional U.S. stocks to a blockchain-based settlement framework.
Alpaca has cleared or custodied approximately 94% of tokenized U.S. stocks and currently holds more than $1.5 billion in underlying shares on behalf of its partners.
Although the stocks have been tokenized, regulated firms are still required to hold the underlying shares and handle corporate actions, which is a key constraint in this market.