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'Tokenization Isn’t Replacing TradFi, It’s Building on Top of It' — Alpaca’s CEO Yoshi Yokokawa

The Social Leverage Letter | Issue #230

Mar 29, 2026·Ethan Berk

3 articles & 1 video

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The article highlights Alpaca (Fund III) CEO Yoshi Yokokawa’s view that tokenization is layering on top of traditional finance—not replacing it—with most assets still backed by regulated brokerage infrastructure. He emphasizes Alpaca’s strategy of bridging TradFi and on-chain systems through APIs, which are becoming the core infrastructure for AI-driven finance, while adoption will be gradual due to regulation, accountability, and cross-border complexity.

Beehiiv (Fund IV) launched an MCP (Model Context Protocol) that lets AI tools like ChatGPT and Claude directly access and analyze newsletter data, turning AI into the primary interface for managing and optimizing content. The move positions beehiiv as underlying infrastructure for creators, enabling powerful automation and insights by combining live data with AI reasoning across tools like Slack, Gmail, and HubSpot.

Ribbon (Fund IV) was named one of the world’s most innovative companies by Fast Company after overcoming early skepticism that AI interviews wouldn’t be accepted by candidates, recruiters, or enterprises. Adoption accelerated through word of mouth, leading to over a million AI interviews conducted and validation from Harvard Business Review, with Fortune 100 companies now using the platform at scale.


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