Ironlight raises $21 million to expand regulated marketplace for tokenized securities

Ironlight Group, a financial technology firm, has raised $21 million in a Series A funding round led by investors including Greg Braca and the Sei Development Foundation. The company is focused on expanding its infrastructure for issuing and trading tokenized securities in the United States through its broker-dealer subsidiary, Ironlight Markets, which operates as an Alternative Trading System (ATS) approved by FINRA. The new funding will be used to enhance the trading venue and its underlying technology, supporting tokenized assets like private equity and real estate. This investment comes as U.S. regulators are clarifying rules for blockchain-based assets, with potential innovations like a limited SEC exemption and the Federal Reserve’s technology-neutral approach to capital requirements for tokenized securities. The tokenized real-world asset market is currently estimated at $26 billion, with U.S. Treasury products leading the way.

(Source：The Block)