Alpaca Announces Completion of Japanese Licensed Broker-dealer AlpacaJapan Acquisition

Alpaca, a crypto and stock investment platform, has annouced on Tuesday (July 19) that it has completed the acquisition of Japan-licensed broker-dealer AlpacaJapan Co., Ltd (AlpacaJapan).

The deal is the first step in Alpaca's global strategy, which aims to expand Alpaca's global reach and opening access to investing for people around the world. Through this acquisition, nothing will change for current AlpacaJapan customers, and AlpacaJapan continues to operate as the FSA licensed broker-dealer in Japan.

"Expanding into Japan presents obvious opportunities and advantages. Japan is the third largest economy in the world with the second largest household asset size, and is experiencing a recent acceleration and surge in money digitization adoption," said Yoshi Yokokawa, Co-Founder and CEO of Alpaca. "Together with the AlpacaJapan team, we're excited to accelerate opening financial services to the people in Japan through our battle-tested embedded investing product, and are looking forward to working closely with Japanese businesses and businesses entering into the Japanese market."

"We're excited to join Alpaca and begin offering Broker API and Trading API to Independent Financial Advisors, various types of trader and developer communities, and individual investors in Japan," said Morifumi Yotsumoto, CEO of AlpacaJapan. "We've already begun collaborations with Alpaca and are preparing for a joint release of a new US stock product for Japanese investors. As a part of the globally distributed team at Alpaca, we will continue to strive to provide cutting-edge products to Japanese investors."