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[Alpaca Plans to Launch Prime Brokerage Services in Q1 2027] Alpaca intends to launch its prime brokerage services in the first quarter of 2027, providing financing, asset custody, and securities lending services to large investment institutions such as hedge funds. This aims to meet the institutional financing demands arising from the integration of the cryptocurrency and traditional securities markets. Currently, Alpaca manages over $3.5 billion in U.S. equity assets and supports tokenized products from more than 10 issuers, including Binance, Coinbase, and Crypto.com. The scale of custodial assets has grown approximately eightfold compared to a year ago. (Source: Bloomberg)