Ironlight Wins FINRA Approval for First U.S. Regulated ATS With Onchain Atomic Settlement

Ironlight Markets, a FINRA-registered broker-dealer, has secured regulatory approval to launch an Alternative Trading System (ATS) designed to trade both traditional and tokenized securities, including real-world assets (RWA). This authorization positions Ironlight as one of the few U.S.-regulated platforms capable of trading digital asset securities and notably, the only one offering atomic onchain settlement, where trades clear and settle instantly. CEO Robert McGrath stated that this development confirms Ironlight's leadership in creating an institutional-grade marketplace, utilizing sub-20 microsecond trade matching and atomic settlement to bridge the U.S. financial system with blockchain technology. The ATS integrates a centralized order book with this onchain settlement capability, allowing institutions to connect via standard interfaces like FIX or API. Ironlight plans to launch the platform initially with institutional participants in private credit, venture capital, and alternative investments, with future goals of expanding access and accelerating tokenized infrastructure adoption.

(Source：CoinDesk)