Wire · opportunities
Alpaca Says It Custodies 94% of Tokenized U.S. Stocks and ETFs
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Fusion42 · 26 July 2026 · Fusion42 review
Alpaca custodies 94% of tokenized U.S. stocks and ETFs ($1.5bn AUM), establishing itself as the infrastructure backbone for equity tokenisation as the DTCC prepares to launch its own tokenization service in October.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
You've built a tokenized equity platform and Alpaca now sits between you and every customer's settlement. When DTCC launches its own tokenization service in October, Alpaca's 94% custody monopoly becomes a competitive threat—you'll either pay their fees or build your own licensed clearing path, which takes years.
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1 source · 26 Jul 2026
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