Wu Blockchain (@WuBlockchain): According to The Information, the tokenized stocks sector is increasingly reliant on a single brokerage. California based broker dealer Alpaca has bec…
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According to The Information, the tokenized stocks sector is increasingly reliant on a single brokerage. California based broker dealer Alpaca has become the dominant execution venue, as few other brokers are willing to sell shares to tokenization firms. Projects including Ondo Finance, Kraken’s xStocks, and Dinari route user orders to Alpaca, which purchases the underlying shares backing their stock tokens. https://x.com/Yueqi_Yang/status/2016577816679026804?s=20