Alpaca has partnered with cryptocurrency platform Gate to support its launch of US stocks and exchange-traded funds, initial public offering allocations and tokenized stocks.

Gate’s move follows a broader push by cryptocurrency exchanges into traditional equities. In June, Binance added 7,000 US stocks to its platform, with Alpaca providing custody, dividend processing and corporate-action support. The trend is giving retail investors and traders on crypto platforms access to a wider range of traditional market products.

Alpaca Supports Gate’s US Stock Launch

Under the partnership, Gate users can access more than 10,000 US-listed stocks and ETFs through Gate Stocks. Eligible users can also request allocations in US IPOs.

Alpaca provides the brokerage infrastructure for these products, including the brokerage functions needed to support trading in the underlying securities.

The partnership also supports Gate’s launch of gStocks, its tokenized US stock offering. Alpaca said its infrastructure handles the custody and settlement of the underlying shares.

Yoshi Yokokawa, co-founder and CEO of Alpaca, said the company’s infrastructure is designed to help “financial platforms expand into global markets.”

Gate Develops AI Tools for Traders

Gate said the launch is part of its expansion beyond digital assets into traditional financial markets, wealth management, payments, Web3 and artificial intelligence. The partnership allows users to access stocks and cryptocurrencies through the same platform.

Gate is also developing AI tools for retail investors, professional traders and developers to analyse markets and manage assets.

Coinbase, MEXC Expand Beyond Digital Assets

The move is part of a shift among crypto exchanges towards offering traditional financial products.

Earlier this year, Coinbase outlined plans for a multi-asset platform covering cryptocurrencies, equities, derivatives and prediction markets. It described the model as an “Everything Exchange” operating across several asset classes.

MEXC also entered the US stock market with RealStocks, giving users access to US-listed shares and dividends through a licensed brokerage partner.

This article was written by Tareq Sikder at www.financemagnates.com.Retail FXRead More

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