Alpaca plans to launch prime brokerage services in 2027: connecting tokenized stocks with underlying assets

According to Bloomberg, stock, options, and cryptocurrency API broker Alpaca announced plans to launch a prime brokerage business in the first quarter of 2027. Prime brokers can provide financing, asset custody, and securities lending services to large investment institutions such as hedge funds.

The plan aims to target the institutional financing needs arising from the integration of cryptocurrency and traditional securities markets.