Company
Date Published
Author
Crest Saechao
Word count
439
Language
English
Hacker News points
None

Summary

Alpaca, a crypto and stock investing platform for businesses, has closed the acquisition of a Japanese licensed broker-dealer, AlpacaJapan Co.,Ltd. This acquisition is part of Alpaca's global strategy to expand its reach and offer investing services to people worldwide. Japan presents obvious opportunities due to its large economy and growing digitization adoption. The acquisition will enable Alpaca to accelerate opening financial services in Japan through its embedded investing product, while also allowing Japanese businesses to launch stock investing products to their end customers. AlpacaJapan continues to operate as the FSA licensed broker-dealer in Japan, with no changes expected for current customers. The company is preparing to launch a new US stock product for Japanese investors and will offer Broker API and Trading API to Independent Financial Advisors, trader communities, and individual investors in Japan.