Crypto startup Alpaca targets prime brokerage technology market


Alpaca chief executive officer Yoshi Yokokawa. — Bloomberg

NEW YORK: As cryptocurrency platforms push into stock trading, a brokerage technology startup is preparing to enter a Wall Street business long dominated by major banks – financing trades for hedge funds and other large investment firms.

Alpaca, the startup that provides trading and custody technology to financial institutions, plans to launch a prime brokerage business in the first quarter of financial year 2027, chief executive officer Yoshi Yokokawa said.

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