In the increasingly dynamic landscape of digital finance, Alpaca has emerged as the undisputed leader in the tokenization of US stocks and ETFs.
The company, which specializes in securities infrastructure via APIs, announced that it holds over 94% market share in the tokenized US stocks and ETFs segment and has over $480 million in tokenized assets under custody.
This achievement establishes it as a global benchmark for those looking to access traditional financial markets via blockchain.
Asset tokenization: an unstoppable trend
Tokenization is one of the most disruptive innovations in the financial sector. This involves converting traditional assets such as stocks and ETFs into digital tokens that can be traded on public blockchains.
This transformation is expected to make the market more comprehensive, efficient and programmable with 24/7 operations and automated regulation.
The market capitalization of U.S. stocks reached $67.8 trillion, an increase of 9% since the beginning of 2025, according to October data. The US accounts for almost half (46%) of the global stock market, valued at $147.6 trillion.
It is therefore no surprise that the American market is a center of innovation in asset tokenization.
Worldwide institutional support
Tokenization efforts aren’t just coming from startups and tech innovators. Large financial institutions are also embracing this transformation.
BlackRock CEO Larry Fink recently said the industry is “at the beginning of tokenizing all assets,” emphasizing that tokenizing ETFs is now a strategic priority.
Similarly, Robinhood CEO Vlad Tenev asserted that “tokenization is like a freight train. We can’t stop it and it will eventually revolutionize the entire financial system.”
These statements reflect a common vision that, thanks to tokenization, the future of finance will become increasingly digital, inclusive and automated.
Infrastructure is finally ready
Despite the enthusiasm, until recently the infrastructure required to tokenize US stocks has been fragmented and incomplete. Traditional payment systems are often slow, costly, and siled, while regulations have struggled to keep up with innovation.
According to Janus Henderson, leader of the Tokenized Real Assets Fund, tokenization is not just a new distribution method, but a real technological foundation for global capital markets.
Financial infrastructure evolves slowly, but the benefits of tokenization are accelerating this change.
Alpaca: Bridging traditional finance and blockchain
Alpaca has developed the Instant Tokenization Network, a platform that connects blockchain technology with the regulated infrastructure of traditional markets.
The system enables real-time payments, programmable compliance, and large-scale on-chain asset issuance.
Ryo Yokogawa, co-founder and CEO of Alpaca, highlights how the distinction between traditional and digital finance has become outdated.
“The same principles of investor protection and market integrity must apply on-chain. Tokenization will only reach its potential if legacy systems can be connected to the blockchain.”
Alpaca provides a solid foundation for this transition thanks to its role as a regulated broker and native crypto platform.
The numbers behind alpaca leadership
The data is clear. Alpaca holds 97% of the tokenized US large- and mega-cap market share, with over $217 million in assets under custody.
The five most traded tokenized stocks and ETFs on public blockchains are TSLA, SPY, QQQ, NVDA, and IVV, with a combined on-chain value of over $150 million.
Alpaca’s position as the clearing broker for over 94% of the tokenized US stock and ETF market is strengthened by strategic partnerships with entities such as Ondo Finance, Backed Finance (xStocks), and Dinari.
These collaborations are accelerating access to tokenized assets by both institutions and retailers around the world.
Notably, xStocks, one of Alpaca’s early partners, recently surpassed $10 billion in total daily trading volume across both centralized and decentralized exchanges.
Globally scalable infrastructure
Alpaca has established itself as a benchmark for all accredited issuers and participants wishing to develop tokenization services.
Thanks to the platform and instant tokenization network, the company is ready to expand massively and welcome new partners.
Alpaca currently operates more than 8 million brokerage accounts in more than 40 countries, partners with hundreds of fintech companies and institutions, and manages more than $170 million in funds. Alpaca’s services range from tokenization, securities lending, and 24/7 trading to Sharia-compliant investment solutions.
Toward a new global standard
If tokenization is truly the “freight train” that will transform finance, Alpaca is the railroad that connects traditional finance to on-chain markets.
Alpaca has established itself as a global leader in tokenization infrastructure with dominant market share, strategic partnerships, and a cutting-edge technology platform.
Anyone interested in delving deeper into the topic of tokenization and discovering the solutions Alpaca offers should visit the official website alpaca.markets/tokenization.
