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Alpaca Announced as Member of DTCC Industry Working Group to Advance Tokenization Adoption

Blog post from Alpaca

Post Details
Company
Date Published
Author
Luke West
Word Count
1,666
Language
English
Hacker News Points
-
Summary

Alpaca has joined the Depository Trust & Clearing Corporation’s (DTCC) Industry Working Group to provide feedback on the Depository Trust Company’s (DTC) tokenization service, marking a significant step in the adoption of tokenized US stocks. As a clearing member, Alpaca contributes its expertise in tokenization infrastructure, having previously launched its Instant Tokenization Network, which has captured a 94% market share in tokenized stocks and ETFs. The DTC’s tokenization service, initially focusing on highly liquid assets like the Russell 1000, major ETFs, and US Treasury securities, aims for full launch by late 2026, with DTCC President Frank La Salla highlighting tokenization's potential to enhance liquidity, transparency, and efficiency in markets. Alpaca, a global leader in brokerage infrastructure APIs, powers millions of brokerage accounts and collaborates with major companies in tokenized US equities offerings, while DTCC, a leading post-trade market infrastructure, processes transactions valued at $4.7 quadrillion annually. Both organizations emphasize the importance of innovation, risk management, and regulatory compliance in evolving financial markets, while acknowledging the inherent risks of investments and the need for investors to be aware of potential losses and regulatory requirements in both traditional securities and cryptocurrency markets.