Binance discloses minority stake in Alpaca, holder of 94% tokenized stock custody market
Binance has revealed a minority stake in Alpaca, a custodian controlling roughly 94% of the market for tokenized US stocks and ETFs. Under the deal, Binance will receive 50% of Alpaca's order flow revenue.
BNB
Binance has disclosed a minority ownership stake in Alpaca, a firm that dominates the custody market for tokenized shares and ETFs of US companies, holding approximately 94% of that market.
As part of the arrangement, Binance will receive 50% of the revenue from Alpaca's order flow. This move deepens Binance's involvement in the tokenized securities sector, which bridges traditional finance with blockchain-based assets.
Source: MarketTwits