The exchange said Alpaca reportedly controls about 94% of the custody market for tokenized U.S. stocks and ETFs as the companies move to expand that segment.
Binance said it holds a minority stake in Alpaca, a company it said reportedly controls about 94% of the custody market for tokenized U.S. stocks and ETFs. The disclosure came alongside a new partnership between the two companies focused on expanding access to tokenized U.S. stocks and ETFs, a market segment that links traditional securities exposure with blockchain-based infrastructure.