Alpaca plans to launch prime brokerage services in 2027, bridging tokenized stocks with underlying assets.

On October 13, according to Bloomberg, equity, options, and cryptocurrency API broker Alpaca announced plans to launch prime brokerage services in the first quarter of 2027. Prime brokerage services will provide financing, asset custody, and securities lending to large institutional investors such as hedge funds, targeting institutional financing demand driven by the convergence of cryptocurrency and traditional securities markets.

The company currently holds over $3.5 billion in U.S. equity custodial assets, supports tokenized products from more than 10 issuers including Binance, Coinbase, and Crypto.com, and has seen its custodial assets grow approximately eightfold over the past year.