According to CoinMeta, Alpaca plans to launch its principal brokerage business in the first quarter of 2027, targeting large investment institutions such as hedge funds, in order to meet the institutional financing needs arising from the integration of cryptocurrency and traditional securities markets. Alpaca currently manages over $3.5 billion in US equity assets and provides support for tokenized products from more than 10 issuers, including Binance, Coinbase, and Crypto.com. The scale of managed assets has grown by approximately eight times compared to a year ago.