California-based crypto and stock investing platform, Alpaca recently expanded its global expansion with Japanese broker-dealer AlpacaJapan Co.,Ltd., a press release reported.
“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 U.S. 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.”
The acquisition will allow existing AlpacaJapan customers to retain the usual status, along with its status as a Japan-based FSA licensed broker-dealer.
In addition to this platform offering, the company plans to launch Alpaca Broker API, a program designed to allow its business and developer clients to roll out stock investing products to its local customers and stock trading API for algorithmic traders 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,” Yoshi Yokokawa, co-founder and CEO of Alpaca, said. “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."