October 2022 Summaries

Jungle is a DeFi protocol that aims to eliminate barriers for people worldwide to access various stocks with 24/7 liquidity and instant settlement on-chain, by minting and burning tokenized stocks in ERC20 format with a 1:1 collateral. Alpaca, a modern crypto and stock investing platform, will support and contribute to the creation of Jungle, leveraging their experience in traditional stock markets and crypto business to deliver custody of stocks from different markets. The protocol's governance model is community-driven, where numerous members will participate, govern, and help build the protocol, shaping a new chapter for global financial systems aimed at providing permissionless tokens in ERC20 format, backed by a 1:1 collateral.

CB Insights has named Alpaca to the 2022 Fintech 250 list, recognizing it as one of the most promising private fintech companies. The company was chosen from over 12,500 eligible private companies based on factors such as funding, market potential, and team strength. Alpaca is a developer-first embedded financial technologies platform that offers API-first investing infrastructure for businesses and developers to easily integrate cryptocurrency and stock investing into their apps and services. The recognition is a testament to the company's hard work and commitment to opening access to financial services everywhere. Alpaca's CEO, Yoshi Yokokawa, expressed his gratitude for being included in the list alongside many of its partners and customers.