Tokenized stocks concentrated at Alpaca
About $4.17B of $4.60B in tokenized stocks (91%) is backed by shares at Alpaca Securities, used by 7 issuers.
What we know
An account on X explains the instant tokenization flow: a firm holds real shares in its Alpaca account and requests tokenization. The concentration implies single-point-of-failure risk.
How the story developed
08 Nov · 13:16 UTC
About $4.17B of $4.60B in tokenized stocks (91%) is backed by shares at Alpaca Securities, used by 7 issuers.
08 Nov · 05:16 UTC
About 91% of the $4.60B in tokenized stocks is backed by shares held at Alpaca Securities, serving 7 issuers including Robinhood, Coinbase and Ondo.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.