{"id":"tp-52305","type":"article-newspaper","title":"Alpaca Securities Is Estimated to Hold Shares Backing 91% of Tokenized Stocks","author":"John Kim","publisher":"TOKENPOST Inc.","url":"https://www.tokenpost.com/news/business/52305","datePublished":"2026-11-09T12:55:33.000Z","dateModified":"2026-11-09T12:55:33.000Z","language":"en","abstract":"The estimate puts the broker-linked backing at $4.17 billion using Nov. 5 holder figures; issuer market values are a separate Nov. 8 snapshot.","section":"Business","references":[{"title":"earlier custody estimate","url":"https://www.tokenpost.com/news/business/23311"}]}