Tokenized equities have a liquidity problem.

A stock might be liquid in TradFi but its onchain version? Illiquid as hell. Market makers can't confidently quote when they don't know how to replace inventory.

Alpaca's Instant Tokenization Network fixes this:

• Approved participants mint issuer tokens from shares already held at Alpaca
• Share transfer happens on Alpaca's ledger — no T+2 settlement BS
• Alpaca backs 96% of wrapper token value and serves major issuers
• MMs can redeem one token into shares, then mint another issuer's version

Basically: Alpaca becomes the bridge connecting fragmented tokenized equity markets to the underlying shares. Real composability for onchain equities.

This is how you actually scale tokenized TradFi.