Woofun AI reports that Alpaca has completed a $135 million funding round dedicated to expanding its infrastructure for tokenized stocks, aiming to bridge traditional U.S. equities with blockchain settlement systems. The firm currently custodies or clears approximately 94% of all tokenized U.S. stocks and holds over $1.5 billion in underlying equities on behalf of its partners. Despite the tokenization process, regulated entities must still retain the underlying assets and manage corporate actions, a requirement that continues to serve as a primary constraint in the market.