TradFi Veterans Pitch Tokenized Asset Marketplace With Eyes on U.S. Regulatory Approval
Summary
Ironlight, a new company founded by traditional finance veterans Rob McGrath and Matt Celebuski, aims to tokenize private securities and serve as a trading venue with the U.S. Securities and Exchange Commission's (SEC) approval. The company has raised $12 million and plans to partner with traditional market makers. Ironlight is in advanced stages of developing the trading venue and has applied to be a regulated broker-dealer by the Financial Industry Regulatory Authority. They expect to start the SEC registration process for an alternative trading system (ATS) soon. This move is seen as important for regulatory compliance and could positively impact liquidity for tokenized assets.
