Tokenized equities need a more reliable way to move shares onchain. A stock may trade easily in traditional markets while its token is hard to buy in size. Market makers can quote more confidently when they know how to replace the tokens they sell. Alpaca’s Instant Tokenization Network lets approved participants create issuer tokens from shares they already hold at Alpaca. The share transfer happens between Alpaca accounts on its own ledger, so the conversion does not require another stock settlement cycle. Alpaca already serves several major issuers and holds the shares backing 96% of wrapper token value. A market maker can redeem one supported token into shares and use those shares to create another issuer’s version. Alpaca connects those separate token markets to the shares behind them.