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Self-clearing brokerage infrastructure platform Alpaca has agreed to acquire London-based WealthKernel, as it plans to aggressively expand into Europe. The deal immediately provides Alpaca brokerage licenses in the U.K. and the EU, allowing it to bypass a lengthy regulatory licensing process.
“The acquisition of WealthKernel is a major step for Alpaca in becoming a truly global brokerage infrastructure. WealthKernel has gained a highly regarded reputation in the UK and EU through working closely with a number of financial institutions,” said Yoshi Yokokawa, CEO of Alpaca. “With WealthKernel joining us, we’re directly entering the UK and EU, enhancing our support of global institutions that desire regulated investing across borders.”
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