Golden Finance reported that the American brokerage firm Alpaca has launched the Instant Tokenization Network (ITN), allowing institutions to directly mint and redeem tokenized U.S. stocks, which helps improve on-chain liquidity in areas of the tokenization market still constrained by structural barriers. Alpaca disclosed on Wednesday that ITN enables institutional investors to tokenize their portfolios through a single API call and exchange underlying stocks for physical tokens without settlement delays. The service operates outside of traditional market trading hours, providing round-the-clock service.

Gate News Bot news, July 11, according to CoinMarketCap data, as of the time of writing, ALPACA (Alpaca Finance) is currently priced at 0.02 USD, with a 24-hour rise of 85.71%, reaching a high of 0.03 USD and a low of 0.01 USD. The current market capitalization is approximately 3.7 million USD, an increase of 1.71 million USD compared to yesterday. Alpaca Finance is the largest leveraged yield farming protocol on the BNB Chain and Fantom. It helps lenders earn secure and stable returns while providing borrowers with unsecured loans for leveraged yield farming positions, significantly increasing their farming principal and the resulting profits. Important news about ALPACA recently: 1️⃣ **Alpaca Finance announces the closure of the platform**

Gate News bot, the DeFi project Alpaca Finance on BNB Chain officially announced that after extensive internal deliberation and a comprehensive assessment of the future direction of development, the team has made an extremely difficult decision to discontinue Alpaca Finance and all its products. This decision was not taken lightly, but the team believes it is the most responsible move to keep the community safe, smooth and secure.

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According to Gate.io News bot, the latest market data from gate shows that ALPACA has risen 982.22% in the last 24 hours, with a current price of 0.75972 USDT.