In the increasingly dynamic landscape of digital finance, one name is emerging as the undisputed leader in the tokenization of U.S. stocks and ETFs: Alpaca.
The company, specializing in brokerage infrastructure via API, has announced that it holds over 94% of the market share in the segment of tokenized U.S. stocks and ETFs, with more than $480 million in tokenized assets under custody.
This achievement positions it as a global benchmark for those looking to access traditional financial markets through the blockchain.
Summary
Asset Tokenization: An Unstoppable Trend
Tokenization represents one of the most disruptive innovations in the financial sector. It involves the conversion of traditional assets, such as stocks and ETFs, into digital tokens tradable on public blockchains.
This transformation promises to make markets more inclusive, efficient, and programmable, with 24/7 operations and automated regulations.
According to October data, the total market capitalization of US stocks reached $67.8 trillion, marking a 9% increase since the beginning of 2025. The United States accounts for nearly half (46%) of the global stock market, which is valued at $147.6 trillion.
It is not surprising, therefore, that the American market is the epicenter of innovation in asset tokenization.
The Support of Global Institutions
The push towards tokenization is not only coming from startups or tech innovators. Major financial institutions are also embracing this transformation.
Larry Fink, CEO of BlackRock, recently stated that the industry is “at the beginning of the tokenization of all assets,” emphasizing that the tokenization of ETFs has now become a strategic priority.
In the same vein, Vlad Tenev, CEO of Robinhood, asserted that “tokenization is like a freight train: it cannot be stopped and will end up revolutionizing the entire financial system.”
These statements reflect a shared vision: the finance of the future will be increasingly digital, inclusive, and automated, thanks to tokenization.
An Infrastructure Finally Ready
Despite the enthusiasm, until recently the infrastructure necessary for the tokenization of US stocks was fragmented and incomplete. Traditional settlement systems were slow, costly, and often isolated, while regulation struggled to keep pace with innovation.
According to Janus Henderson, a leader in tokenized real asset funds, tokenization is not just a new distribution method, but a true technological foundation for global capital markets.
The financial infrastructure evolves slowly, but the advantages of tokenization are accelerating this change.
Alpaca: the Bridge Between Traditional Finance and Blockchain
Alpaca has developed the Instant Tokenization Network, a platform that connects the regulated infrastructure of traditional markets with blockchain technology.
This system enables real-time settlements, programmable compliance, and large-scale on-chain asset issuance.
Yoshi Yokokawa, co-founder and CEO of Alpaca, emphasizes how the distinction between traditional and digital finance is now obsolete:
“The same principles of investor protection and market integrity must also apply on-chain. Tokenization will reach its potential only when we manage to connect legacy systems with the blockchain.”
Alpaca, thanks to its role as a regulated broker and native crypto platform, offers a solid foundation for this transition.
The Numbers Behind Alpaca’s Leadership
The data is clear: Alpaca holds 97% of the market share for large and mega-cap tokenized US stocks, 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, which together represent over $150 million in on-chain value.
Alpaca’s position as a clearing broker for over 94% of the tokenized US stocks and ETFs market is strengthened by strategic partnerships with entities such as Ondo Finance, Backed Finance (xStocks), and Dinari.
These collaborations are accelerating both institutional and retail access to tokenized assets globally.
In particular, xStocks, one of Alpaca’s early partners, has recently surpassed $10 billion in total daily volume across both centralized and decentralized exchanges.
An Infrastructure Ready for Global Scalability
Alpaca positions itself as a benchmark for all authorized issuers and participants who wish to develop tokenization services.
Thanks to its platform and the Instant Tokenization Network, the company is ready to scale and welcome new partners on a large scale.
Today, Alpaca powers over 8 million brokerage accounts in more than 40 countries, partnering with hundreds of fintech companies and institutions and managing over 170 million dollars in funding. Alpaca’s offerings range from tokenization, securities lending, 24/5 trading, to Sharia-compliant investment solutions.
Towards a New Global Standard
If tokenization is truly the “freight train” that will transform finance, Alpaca is the railway connecting traditional finance to on-chain markets.
With a dominant market share, strategic partnerships, and a cutting-edge technological platform, Alpaca establishes itself as the global leader in tokenization infrastructure.
For anyone interested in delving deeper into the topic of tokenization and discovering the solutions offered by Alpaca, you can visit the official website at alpaca.markets/tokenization.
