With over $3.5 billion in assets under custody and roughly 8x growth, Alpaca plans to launch prime brokerage business in Q1 2027

Odaily News: Alpaca has announced plans to launch a prime brokerage business in Q1 2027, providing financing, asset custody, and securities lending services to large institutional investors such as hedge funds. Currently, Alpaca custodies over $3.5 billion in U.S. underlying equity assets and supports tokenized products from more than 10 issuers, including Binance, Coinbase, and Crypto.com. Its assets under custody have grown approximately 8x compared to a year ago.