The Sei Development Foundation joined in the round to support expansion of an SEC-regulated alternative trading system and settlement platform for blockchain-based securities.
Ironlight Group has raised $21 million in a Series A round to expand infrastructure for tokenized securities, including scaling its alternative trading system (ATS) and technology platform for issuing, distributing and trading digital securities.
The privately held company said the round included backing from institutional investors and financial services executives, led by former TD Bank President and CEO Greg Braca, along with the Sei Development Foundation.
The funds will be used to expand Ironlight’s marketplace infrastructure for tokenized assets, including the Ironlight Markets alternative trading system and its settlement platform. The company operates a broker-dealer and alternative trading system for digital and traditional securities under SEC Regulation ATS and FINRA oversight.
