SAN MATEO, Calif.--(BUSINESS WIRE)--Dec 9, 2025--
Alpaca, a global leader in brokerage infrastructure APIs providing access to crypto, stocks, ETFs, options, and fixed income, recently announced it holds 94% market share in tokenized US stocks and ETFs, with $480M in tokenized assets under custody (AUC). The company also leads with 97% market share in tokenized large and mega-cap US stocks, representing $217M in AUC. The top five tokenized US stocks and ETFs held by Alpaca are TSLA, SPY, QQQ, NVDA, and IVV, totaling over $150M in on-chain value.
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These milestones highlight Alpaca’s role in building the global de facto infrastructure standard for on-chain markets.
Learn more: alpaca.markets/blog/alpaca-holds-94-market-share-of-tokenized-us-stocks-and-etfs-setting-global-standard-for-on-chain-markets/
About Alpaca
Alpaca is a US-headquartered, self-clearing broker-dealer and a global leader in brokerage infrastructure APIs providing access to stocks, ETFs, options, fixed income, and crypto. Alpaca delivers embeddable finance solutions for tokenization, fully paid securities lending, high-yield cash, 24/5 trading, Shariah-compliant investing and more. Today, Alpaca powers over 8 million brokerage accounts across hundreds of fintechs and institutions in 40+ countries with over $170M in funding.
Additional geographic restrictions may apply for tokenization services based on local regulatory requirements. Neither Alpaca Crypto LLC nor Alpaca Securities LLC are the issuer of, nor directly involved in, the tokenization of any assets. Tokenization is performed by a third party. Tokenized assets do not represent direct equity ownership in any underlying company or issuer. Instead, tokenized assets generally provide economic exposure to the equity securities of an underlying issuer. As such, holders of tokenized assets have no voting rights, dividend entitlements, or legal claims to the underlying company shares or any residual assets in the event of the underlying company’s liquidation or insolvency, unless explicitly stated otherwise. All investments involve risk. For more information, please see ourTokenization Risk Disclosure.
Cryptocurrency services are provided by Alpaca Crypto LLC, a FinCEN-registered MSB (NMLS #2160858) and subsidiary of AlpacaDB, Inc. Cryptocurrency assets are highly volatile and speculative, involving substantial risk of loss, and are not insured by the FDIC or any government agency. Customers should be aware of the various risks prior to engaging these services, including potential loss of principal, cybersecurity considerations, regulatory developments, and the evolving nature of digital asset technology. For additional information on the risks of cryptocurrency, please clickhere.
Securities brokerage services are provided by Alpaca Securities LLC, memberFINRA/SIPC, a wholly owned subsidiary of AlpacaDB, Inc.
All investments involve risk; for more information, please see ourDisclosure Library.
AlpacaDB, Inc., the parent company of Alpaca Securities LLC and Alpaca Crypto LLC, provides services and technology, including the brokerage infrastructure API supporting Alpaca’s financial services. This is not an offer, solicitation of an offer, or advice to buy or sell securities or cryptocurrencies or open a brokerage account or cryptocurrency account in any jurisdiction where Alpaca Securities or Alpaca Crypto, respectively, are not registered or licensed, as applicable.
Alpaca Holds 94% Market Share of Tokenized US Stocks & ETFs. Top 10 Tokenized US Stocks & ETFs by Alpaca's Market Share
Alpaca Holds 94% Market Share of Tokenized US Stocks and ETFs, Setting Global Standard for On-Chain Markets
LONDON--(BUSINESS WIRE)--Dec 11, 2025--
Hanshow, a global leader in digital retail technology, has launched a multi-year research partnership with the University of Cambridge to develop next-generation Augmented RFID systems powered by distributed hardware architectures. The collaboration brings together Cambridge’s world-leading expertise in ultra-low-power sensing and communication with Hanshow’s industrial-scale deployment capabilities, aiming to set a new technological benchmark for the global retail sector.
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As retailers worldwide transition to increasingly automated, data-rich, and energy-efficient store environments, demand is rising for IoT systems that can sense, adapt and operate reliably at scale. The partnership will tackle this challenge head-on by integrating Cambridge research in intelligent sensing, energy harvesting and algorithmic optimisation with Hanshow’s edge-computing platforms and extensive real-world retail data infrastructure.
The joint project will explore new classes of intelligent RFID antennas, ultra-low-power communication modules and self-sustaining RFID nodes capable of ambient energy harvesting. By combining theoretical modelling, simulation and in-store experimentation, the team aims to dramatically improve signal coverage, data fidelity and resilience in complex retail environments.
For Cambridge researchers, the collaboration offers an opportunity to demonstrate how state-of-the-art engineering in distributed hardware systems can deliver measurable commercial and societal impact. For Hanshow, it provides a direct innovation pathway to future AIoT-driven retail solutions that enhance operational accuracy, reduce energy consumption and support more sustainable, responsive store infrastructures.
“With this collaboration, Hanshow is taking a decisive step toward reshaping the technological backbone of future retail,” said Min Liang, CTO of Hanshow. “Working with Cambridge enables us to convert advanced research into scalable, intelligent systems that deliver meaningful value for retailers worldwide.”
“By combining our work in low-energy, high-efficiency hardware with Hanshow’s global innovation capacity, we can accelerate the arrival of truly adaptive retail IoT,” said Associate Professor Michael Crisp, Department of Engineering, University of Cambridge. “This partnership is a powerful example of how academic–industry collaboration can drive real-world impact.”
The programme will progress through a series of research milestones and experimental deployments, generating both academic outputs and commercially ready technologies. It forms a central part of Hanshow’s global R&D strategy to connect digital and physical retail through AIoT architectures that improve efficiency, transparency and sustainability.
Hanshow continues to expand its worldwide innovation network, investing in open research collaborations that transform cutting-edge engineering into solutions that help retailers compete in an increasingly data-driven marketplace.
About Hanshow
Hanshow is a global leader in developing and manufacturing electronic shelf labels and digital store solutions. The company offers customers a series of customized IoT touchpoints and digital store solutions that deliver customer-centric insights. Hanshow’s solutions have provided services to a vast number of stores in over 70 countries and regions, helping them streamline operations, optimize pricing strategies, and offer customers a more personalized experience. In addition, Hanshow delivers advanced digital energy solutions, supporting clients with intelligent in-store energy optimization and integrated PV storage charging systems to reduce energy consumption, lower carbon emissions, and accelerate their transition toward sustainable operations. Learn more: www.hanshow.com
Hanshow and the University of Cambridge Announce Strategic Research Partnership to Advance Next-Generation Augmented RFID
